Open-source software is software in which the source code used to create the program is freely available for the public to view, edit, and redistribute. Any type of software program can be open source, including operating systems (e.g. Linux), databases (e.g. PostgreSQL), applications (e.g. OpenOffice.org), games, and even programming languages (e.g. Python).
According to an annual survey by consulting firm Black Duck, today, nearly 80% of businesses are running some part of their operations on open-source software, while 66% say their software products are built on open-source code.
In the early 1990s when open-source technology became common, many companies were hesitant to incorporate it, citing reasons of security breaches or competitors. However things have changed drastically now, and open-source software have been widely accepted by companies largely.
In a fast-paced industry, where agility and time to market have become critical, the ability to innovate through flexible technology has become a requirement. The flexible nature open-source software makes it possible to leverage the technology for innovation that in most cases is not possible with other closed-source options. The ability to create new applications quickly, reliably and economically is drawing companies towards open-source software.
Cost-effective solution for SMEs
Apart from the flexibility it offers, another reason many companies have transitioned to open source software is because of the massive cost reduction it offers. Using open-source software can significantly reduce development costs in a number of proven ways. These cost savings start with the acquisition but extend to deployment, support, and maintenance.
Open-source software is a great choice for small and medium enterprises and companies who want to scale up their operations in the future. Not only are open source solutions typically much more inexpensive in an enterprise environment for equivalent or superior capability, but they also give enterprises the ability to start small and scale. Given that, SMEs often have a budget crunch, it makes more financial sense to explore open source solutions.
With open-source, you can start small and then migrate to a commercially-supported solution as your business requirements drive you there. You have the option to try the various alternatives, pick the one that’s going to work, and then scale up with a commercial solution.
Open source enables technology agility, typically offering multiple ways to solve problems. This allows you to get the best of both worlds — flexibility, agility, and the ability to get started quickly and inexpensively. You can mature to a large scale, fully supported, enterprise-grade implementation, without having to go over the proprietary licensing hurdles.
Open source is the future. Web, mobile, and cloud solutions are increasingly built predominantly on open source infrastructure. Some data and analytic solutions are only available in open source too. Open source is a good investment in the future. Take the example of Netflix. How can Netflix charge as little as $8 per month for its service? Because everything is built on open-source software. They focused on content, not building an operating system or a testing framework.
EPPS ERP uses the latest open source technology i.e. a combination of Java and PostgreSQL. It is a future-ready platform that can easily accommodate any future technological advancements and manage a high volume of data with the growing number of users. It also ensures easy migration of existing customers from an old platform to a new one seamlessly without any risk of data loss.
To know more about how EPPS ERP can help your business in the path of its growth, click here.