SOURCE TECHNOLOGY

ABSTRACT

• Preface.• Introduction to open source technology. • Utilization.• Comparison.• Types.• Caveats and benefits.• Graphical representation.• License and copyrights.• Why it makes sense in financial services.• Beneficial for development of society.• Conclusion.

• The term open source proposed by group of people in the free software movement who were critical of political agenda and moral philosophy implied in the term free software and sought to reframe the discourse of to reflect more commercially minded position.

PREFACE

• Open source technology is defined as the production and development philosophy of allowing end users and developers to not only see the source code of software, but modify it as well.

• Open source software is software whose source code is available for modification or enhancement by anyone. "Source code" is the part of software that most computer users don't ever see; it's the code computer programmers can manipulate to change how a piece of software—a "program" or "application"—works.

• Open source software is free software for your business and personal use.

• Open source developers freely share their knowledge and make the source code available to the public.

What is open source technology??

Utilization :

• Open source software is used in many businesses and is used in more ways then people realize.

• The idea behind open source is development of high quality , reliability and low cost software.

• Some of the organizations using open source software include Travelocity , Wikipedia and US postal service

Some software has source code that cannot be modified by anyone but the person, team, or organization who created it and maintains exclusive control over it.

Open source software is different. Its authors make its source code available to others who would like to view that code, copy it, learn from it, alter it, or share it.

This kind of software is frequently called "proprietary software" , because its source code is the property of its original authors, who are the only ones legally allowed to copy or modify it.

. Open source software licenses promote collaboration and sharing because they allow other people to make modifications to source code and incorporate those changes into their own projects.

Comparison

Types

.1. It’s generally free – it has been

estimated that open source software collectively saves businesses $60 billion a year. These days for virtually every paid for proprietary software system you will find an open source version.

2. It’s continually evolving in real time as developers add to it and modify it, which means it can be better quality and more secure and less prone to bugs than proprietary systems, because it has so many users poring over it and weeding out problems.

3. Using open source software also means you are not locked in to using a particular vendor’s system that only work with their other systems.

1. Because there is no requirement to create a commercial product that will sell and generate money, open source software can tend to evolve more in line with developers’ wishes than the needs of the end user.

2. For the same reason, they can be less “user-friendly” and not as easy to use because less attention is paid to developing the user interface.

3. There may also be less support available for when things go wrong – open source software tends to rely on its community of users to respond to and fix problems.

• There are hundreds of different license• Open source licenses are licenses that comply with the

Open Source Definition — in brief, they allow software to be freely used, modified, and shared. To be approved by the Open Source Initiative (also known as the OSI), a license must go through the Open Source Initiative's license review process.

License and copyrights

Popular Licenses

Apache license 2,0

Eclipse public license

MIT license

Mozilla public license 2.0

GNU general public license

Common development & distribution license

GNU Library or "Lesser" General Public License (LGPL)

BSD 2-Clause "Simplified" or "FreeBSD" license

Why open source software makes sense in financial services?

Innovation

By making it easy to build upon the work of others we can solve problems faster

inspiration

empowerment

Freedom to do all the things

Building technical capacity There is real

enjoyment in sharing and making

Collaboration Participationcontribution

Contribution for development:

Conclusion:

• Common platform for sharing ideas and putting them into actions by developers or other people who wishes to improve a product/software.

• We are in open source revolution where people collaborate to create, create software or technology.

• Based upon the advantages of open source technology , we can finally conclude that open source deserves the popularity.

THANK-YOU

BY: MISS. PRAJAKTA PAWAR. MISS. ANKITA JOSHI.FROM:

ATS SBGI MIRAJ.