In good company.
by T. Colin Dodd
Blogging Hyperic » Nobel Prize Implies Open Source is A Perfect Market
Open Source develops code out in the open, encouraging reuse and improvement. This is an open economy of ideas, development and invention. Customers typically test and use products and understand its value faster and more completely, shortening sales processes. Feedback, through contributions and forum discussions happen openly and in real-time, correcting and improving product direction. Competition also occurs openly, where the vendors backing projects have an open view of their competition’s activities and it is really up to the vendor to push themselves to “one-up” the rest of the market. This open competition spurs faster economics, which means better products at a better price.
October 19th, 2007 at 1:03 am
The open source “feedback loop” spurs constant innovation and improvement — that’s the “secret sauce” of open source. And the best part of it is that it’s not secret. Everyone can benefit from the open, re-usable code.