Business Driven Technology Study Set 5

Business

Quiz 15 :
Creating Collaborative Partnerships

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Quiz 15 :
Creating Collaborative Partnerships

Open source software is that software which can be enhanced and modified by anyone because its source code is made freely available to all users. The source code of software is that part through which computer programmers can improve the software or can fix any bug in that software. In closed source software , only the person or team which has created it can make modifications and have an exclusive control over the software. Businesses have started using open source software for building socially aware applications. There are various open source networking applications such as Dolphin, Xoops and Elgg etc. which allow users to develop community websites of any sizes. The business organizations can create social networking applications for its employees for collaboration, sharing information and ideas. The open source of these applications will allow the employees to modify this application creatively and as per their requirements.

The company can be categorized as a Web 2.0 business. The service matches all of the major traits of Web 2.0 businesses, namely that it provides its service for free, that it relies very little on the technical knowledge of the user, that it involves sharing information through a community of users, that it builds upon a well-established online infrastructure, and that it encourages participation and collaboration from as many users as possible.

Web 3.0 provides unprecedented connection and communication capabilities to the organizations. It helps in bringing together social media, semantic web and artificial intelligence technologies. This results in providing a personalized browsing experience to individuals. Below mentioned are some advantages of integrating web 3.0 technologies: 1) It increases customer involvement as they can now track participants and know their performance. 2) It enabled the firm to move towards real time analytics. 3) It attracted more audience towards the business. 4) It also increases the revenue for the company.