Key Advantages of SDR
Extreme Flexibility: One device can be an AM/FM radio, a police scanner, a weather satellite receiver, a GPS receiver, and more, just by loading different software.
Easier Upgrades and Prototyping: Updating a radio's capabilities doesn't require soldering new circuits; you just update the software. This makes it perfect for research and development.
Cost-Effectiveness: A single, relatively inexpensive SDR dongle can replace many single-purpose, expensive hardware radios.
Advanced Signal Processing: Leveraging the power of a modern CPU allows for incredibly sophisticated processing techniques that would be prohibitively expensive or complex to build in hardware.