Agile Contracts: Fixed Price or Time and Materials?

Agile Contracts: Fixed Price or Time and Materials?

The choice between a fixed-price contract and a time-and-materials contract determines the level of flexibility and risk allocation in agile software projects. An overview based on German law, including common hybrid models.

Retrofit Instead of Buying New: Digitizing Existing Systems

Retrofit Instead of Buying New: Digitizing Existing Systems

A 20-year-old milling machine often still operates flawlessly from a mechanical standpoint. What’s missing is the connection to a modern data analysis system. This is exactly where a retrofit comes in. The digitization of existing machines connects the existing equipment to a modern data analysis system without replacing the machine itself. Instead of an investment…