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“Off the shelf” SaaS products are dying. Long live the open product framework.
- SaaS products are becoming obsolete, with AI coding tools making bespoke development more cost-effective and accessible.
- The shift is towards open product frameworks that offer modular, transparent systems for customers to adapt themselves.
- Closed software is seen as rigid, insecure, and restrictive in comparison to open platforms.
- The emergence of AI-driven coding tools is changing the landscape of software development.
- Specialist product frameworks are favored over off-the-shelf and rigid products for solving complex organizational challenges.
- Organizations are demanding transparency and flexibility in software to mitigate security risks.
- Human expertise and judgment are still crucial in making significant decisions that AI cannot fully replicate.
- SaaS business models are evolving, with a focus on constant adaptation and engagement with customers and partners.
- Waivern, a new company, aims to offer products and frameworks anchored on adaptability and empowerment in the compliance tools ecosystem.
- The industry is transitioning towards products that are open, flexible, and scalable, with a high emphasis on transparency and human involvement in decision-making.
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