[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.the-future-of-commerce.com\/2013\/04\/29\/buying-vs-renting-whether-a-home-or-software-the-choice-is-yours\/#BlogPosting","mainEntityOfPage":"https:\/\/www.the-future-of-commerce.com\/2013\/04\/29\/buying-vs-renting-whether-a-home-or-software-the-choice-is-yours\/","headline":"Buy vs. rent \u2013 a homeowner’s view on the eternal debate about on premise software vs. on demand software","name":"Buy vs. rent \u2013 a homeowner’s view on the eternal debate about on premise software vs. on demand software","description":"The latest \u2018trend\u2019 to come along in the world of software is on demand. Customers love it because they think they get everything cheaper and faster, and investors love it because it secures a company\u2019s long-term revenue.","datePublished":"2013-04-29","dateModified":"2024-02-27","author":{"@type":"Person","@id":"https:\/\/www.the-future-of-commerce.com\/contributor\/stefan-schmidt\/#Person","name":"Stefan Schmidt","url":"https:\/\/www.the-future-of-commerce.com\/contributor\/stefan-schmidt\/","identifier":83,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/c3a44c000d60b555c542f4e18fc69312b266eeb98585b2f4aaa9bb16d3af0714?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c3a44c000d60b555c542f4e18fc69312b266eeb98585b2f4aaa9bb16d3af0714?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"The Future of Commerce","logo":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2023\/01\/logo-foc-schema-app-1.png","width":172,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2021\/07\/Performance-management-software_1200x375.jpg","url":"https:\/\/www.the-future-of-commerce.com\/wp-content\/uploads\/2021\/07\/Performance-management-software_1200x375.jpg","height":375,"width":1200},"url":"https:\/\/www.the-future-of-commerce.com\/2013\/04\/29\/buying-vs-renting-whether-a-home-or-software-the-choice-is-yours\/","about":[{"@type":"Thing","@id":"https:\/\/www.the-future-of-commerce.com\/commerce\/","name":"Commerce","sameAs":["https:\/\/en.wikipedia.org\/wiki\/Commerce","http:\/\/www.wikidata.org\/entity\/Q26643"]},"Commerce Platforms + Software"],"wordCount":409,"keywords":["Digital Commerce","E-commerce","Ecommerce","SAP Hybris"],"articleBody":"The latest \u2018trend\u2019 to come along in the world of software is on demand.Customers love it because they think they get everything cheaper and faster, and investors love it because it secures a company\u2019s long-term revenue. On demand companies never tire of insisting that everything they do is in the interest of their customers.Well, if you believe that one, then you must also believe that when renting an apartment landlords only do what is in the best interest of their tenants.From where I stand, most purchases in life make sense at a certain time within a specific context. For example, right out of college you might not be financially ready to buy a house therefore renting a place makes the most sense. The same mechanisms are at work with software. The names are just different \u2013 we call it on demand when you rent software and on premise when you own it.Although renting allows for more flexibility in terms of how long you stay at one location and less responsibility for the maintenance and upkeep of the home \u2013 you also do not have the liberty to make the modifications to the home to improve the investment. You are paying someone else\u2019s mortgage and helping them on their ROI \u2013 not yours. Same with on demand software.That said, when owning a home you may still have to task someone with maintaining the up keep of the house and you hire staff to help you with keeping it tidy. The bottom line is \u2013 you own it. The investment is yours. You can do what you want and what you think is right to increase the value of your investment.Same applies to on premise software \u2013 you own it. And the names of the folks you task to help with the maintenance and upkeep are just different. Your maintenance company is the management services team and your housecleaners are the business consultants.Just as there are pros and cons with renting vs. buying a home the same apply to software. So when you are deciding on whether to go on demand (rent) or on premise (own) there is only one question you should ask yourself\u2026who will allow me to be more successful myself of my landlord?  Every digital moment matters.Are you making the most of them?1,000 business leaders dish on how to stand out from the crowd with a great CX. Get the details\u00a0HERE.\u00a0"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"2013","item":"https:\/\/www.the-future-of-commerce.com\/2013\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"04","item":"https:\/\/www.the-future-of-commerce.com\/2013\/\/04\/#breadcrumbitem"},{"@type":"ListItem","position":3,"name":"29","item":"https:\/\/www.the-future-of-commerce.com\/2013\/\/04\/\/29\/#breadcrumbitem"},{"@type":"ListItem","position":4,"name":"Buy vs. rent \u2013 a homeowner’s view on the eternal debate about on premise software vs. on demand software","item":"https:\/\/www.the-future-of-commerce.com\/2013\/04\/29\/buying-vs-renting-whether-a-home-or-software-the-choice-is-yours\/#breadcrumbitem"}]}]