Attitudes on Wall Street have changed whereby proofs-of-concepts (PoCs) are seen as less risky—for both parties. End users take less of a risk and vendors are confident in landing a long-term deal.
Jake Thomases, staff writer for Waters, joins Anthony Malakian to discuss his soon-to-be-published article on outsourcing. Jake says that end users are more reluctant to enter into enterprise agreements without seeing a proof-of-concept (PoC) first.
Attitudes have changed whereby PoCs are seen as less risky. While end users chance losing small amounts of money on a PoC, they avoid entering into a quagmire. Vendors, on the other hand, have become more confident that if the PoC is successful they will earn a long-term contract—thus, they are more willing to license a prototype.
Jake's article will be in the February issue of Waters magazine and will appear online in the coming days.
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