Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. A question that I get a lot is, “Why would you create an open-source business?” That ...

The right approach to open source can be a great revenue model for the software provider — my company did it and we've been profitable since day one.

Since its inception in 1998, open source has become the de-facto standard for software development and proven itself as a viable business model.

The implications of this evolution are that open-source software companies now have the opportunity to become the dominant business model for software infrastructure.

Open source software may provide a cost-effective approach to building business applications, as well as ensuring transparency.

Every company in the world now uses open-source software. Microsoft, once its greatest enemy, is now an enthusiastic open supporter. Even Windows is now built using open-source techniques. And if ...

Open-source software allows anyone to modify, enhance, or view the source code behind it. It can encourage collaboration in development.

Apromore enhanced its open source business process mining platform by adding no-code ETL tools to capture data.