Open source business technology is a technology that anyone can use, change, and distribute. Examples of open-source software include the Linux operating system, Mozilla Firefox Web browser, Google Android mobile devices, and numerous toolkits for building mobile apps. Open source business technology is often available at no cost.
Open-source software has covered the biggest chunk of the technology landscape. But choosing which one to use, can be difficult. One of the most essential aspects of this decision relates to the cost factor which is not exactly open-source friendly. Noted for their incredible versatility and versatility, some open-source tools are also very productive. And this article helps you choose the best open-source software for startups.
Open Source Software Examples
OpenFin is to the Fintech world what iOS is to the rest of the world. Banks, hedge funds, and trading platforms have all installed the software on their desktops. In fact, according to the company, their OS has been deployed to nearly 1,500 companies and runs on 1,000 apps on 200,000 desktops.
In a nutshell, OpenFin OS modernizes trading apps. People in finance can now run their apps on a modern OS that is created for the digital era. The OS enables easy workspace management and automates your workflow. The best part? It runs on every operating system, including Mac, Linux, and Windows.
OpenFin is a thriving Fintech startup that’s active in the open-source community. With total funding of $25M, the company CEO’s mission is “to have the OpenFin OS on every desktop at every bank and buy-side firm.”
There’s an innovative startup company that’s reinventing the way traders communicate and it goes by the name of Cloud9. It’s a voice collaboration and analytics firm that offers voice analytics, sophisticated trader communication, and transcription solutions to distributed financial teams.
The company was created in 2014 when a group of data scientists and engineers came together to develop a solution for cloud-based voice communications. According to its founders, the product can help financial companies “remain competitive, compliant, and profitable in the market”.
Cloud9 is another Fintech startup that has understood the value of open-source software. The company believes that voice services are destined to become an open ecosystem, like any other communication channel. Their goal is to integrate with partners that are active in the voice ecosystem to create a more complete service to their users in financial institutions. With total funding of $44M, the company promises that its product will reduce communications costs by up to 50% by eliminating pricey private lines and desktop hardware.
Total funding amount (Crunchbase): $64.1M
Industry: Artificial Intelligence, Internet of Things, Semiconductor
Founders: Andrew Waterman, Dr. Krste Asanovic, Dr. Yunsup Lee
The semiconductor industry has a new player that has managed to raise $64.1M since its creation in 2015. The startup’s name is SiFive and it specializes in creating open-source chip platforms.
SiFive was founded by the designers of RISC-V, an open-source hardware instruction set architecture. Anyone can use the RISC-V free of charge to design, manufacture, and sell chips and software. The startup is encouraging more developed companies to design their chips, just like Apple does. And they’re making it less expensive and less complicated for small startup teams to get involved with chip design.
The beauty of the customized RISC-V-based semiconductors is that they help system designers reduce costs and time-to-market. According to SiFive’s CEO, Naveed Sherwani, the company has already attracted customers like Tesla, Toshiba, and Daimler-Benz.
In 2013, a container technology was launched as an open-source Docker Engine. The company behind the product was Docker Inc. and the founder was Solomon Hykes. In a nutshell, Docker is an open platform for building, shipping, and running distributed applications.
Experts agree that the startup has revolutionized software development and has made life simpler for software developers. Docker is active in the open-source ecosystem through an array of projects that encourage the containerization movement. The company offers several tools and other components that help developers build, ship, and run their applications. Millions of people worldwide have used these container components.
Open-source innovation has never been more vibrant and Sonatype is another active company in the open-source realm. The company aims to help enterprises get precise information about open source components and speed up software innovation, quality, and security.
Sonatype is trending in 2019 as open source continues to take over the world and companies worldwide continue to adopt open source. As one of the major problems of IT leaders today is accelerating the pace of software innovation while also improving security, Sonatype has developed a platform that addresses this high-priority market need.
Mozilla Firefox is a customizable internet browser and free open-source software. It offers thousands of plugins that are accessible with a single click of your mouse.
The platform holds 3.98% of the worldwide browser market share and it is available for Android, iOS, Windows, and Linux.
LibreOffice is a complete office suite that offers presentations, documents, spreadsheets, and databases.
Unlike Microsoft Office, which is not accessible for everyone due to its pricing model, LibreOffice is free.
To support it, its users can make donations when they download. So, it has a huge community of contributors.
It is available for Mac, Linux, and Windows and it also has a live chat and a forum where you can turn to when searching for help.
Another of the best open software source examples that are worth mentioning is the photo editing tool GIMP.
It offers similar features to some of the expensive tools on the market including various filters and effects, and yet it is free.
GIMP is available across different platforms including Windows and Linux and it has different 3d party plugins and customization options.
Plenty of illustrators, graphic designers, and photographers use it to improve their pictures and enhance their work.
VLC Media Player
VLC Media Player is one of the most popular open-source software examples that you can use for free.
This multimedia player is used for video, media, and audio files and it plays discs, webcams, streams, and devices. Most of the users use it for streaming podcasts as well.
It allows you to optimize your audio and video files for a particular hardware configuration and also offers a plethora of extensions and skins which allow you to create customized designs.
What’s more, it runs on different platforms such as Android, Mac OS X, Linux, Windows, iOS, and more.
According to a Stack Overflow survey, 83.1% of developers claimed that Linux is the most wanted platform.
Linux is one of the most user-friendly open-source software on the market. It is most commonly used on Android devices and desktops.
What makes this operating system different from the others is that it costs nothing and it is incredibly customizable.
Most companies also choose it because it is highly secure and offers excellent community support.
Blender is another of the best open-source software examples of 2021.
It is a 3D graphics and animation tool that supports motion tracking, simulation, animation, video editing, rendering, modeling, and much more.
It also offers a set of modeling tools and features including real-time viewpoint prereview, multi-resolution, and support for Planar tracking and Tripod solvers.
GNU Compiler Collection
GNU Compiler Collection is a collection of compilation tools for software development in C, C++, Ada, Fortran, and other programming languages.
It provides high-quality releases regularly and works with native and cross targets.
The sources it offers are freely available via weekly snapshots as well as SVN.
Python is common programming and scripting language used by custom software developers.
According to IEEE, it was the most popular language in 2019. In recent years, it attracts plenty of new users because of its fast-growing field of machine learning.
It is also easy to use which is why most developers also choose this open-source software.
When talking about the best open-source software examples of 2021, we shouldn’t miss PHP.
It is a software development language used for creating websites and other digital platforms.
It is fast and flexible and powers some of the most popular websites around the globe including Slack and Spotify.
Shotcut is a video editor that offers powerful features including audio and webcam capture, color, text, noise, and counter generators, support of popular image formats, EDL export, and much more.
It is a great tool to edit your audio and video files with and it is available for Windows, macOS, and Linux.
On its website, you can also find great resources and tutorials on how to use this free open-source software. Interested in the advantages of custom software development?
It’s hard to believe that only five years ago, the majority of investors were skeptical about adopting open-source as a business model. Today, five years into the future, open-source companies are dominating the software universe.
Million-dollar investment deals are taking place daily and companies like Confluent and DataBricks are slowly working their way through the growth stages of their evolution. The open-source business model won’t be going away anytime soon and is slowly eating into the proprietary software market. Unless proprietary software businesses adapt, they’re doomed to lose.