I like open source software because it is almost free to use, modify and distribute. For example, I use “R language” for data analysis as I can share code to anyone without cost. R is an example of open source software. When I used to be a risk manager more than 10 years ago, I used MATLAB. This is an awesome software for data analysis. However, we need to buy a license to use it. So I cannot recommend it for everyone. But I can do that for R as it is free.
Open source software is strong enough to change the landscape of developing computer programs. Especially I look at the movement driven by Facebook, it looks like a big tsunami to take over the industry. It has more than 200 open source
1. It accelerates development of applications.
Because startups usually do not have enough resources to develop the applications from scratch, it is very helpful for them to use open source software. All they should do is modify the software to make applications. Facebook is also built by using open source software, although it becomes one of the biggest IT companies in the world.
2. There are more choices provided by open source softwares
When there are several kinds of open sources for specific purposes, we can choose the best one for our own purpose. All we should do is to assess each of them. For example, when you are interested in artificial intelligence, there are many major open source softwares, such as
3. Open source softwares can lower the entrance barriers
It is usually difficult for start-ups to develop complex programs, such as deep learning, from scratch. But supported by open source software,
Going forward, I would like to develop an economic analysis system by using open source software and make it available for everyone who is interested in. I hope everyone can analyze the economy in his/her own country by him/herself in the business.