Open source software is so valuable to society, but how would that value be translated into currency? About 96% of all commercial companies contain code that originates from an open source software (OSS). But according to new articles and papers being written on the subject the amount that these free softwares save these companies is a lot larger than people originally expected. Without it, firms would pay an estimated 3.5 times more to create the software and platforms that run their entire business which in total would be around $8.8 trillion in total. Due to this many companies make sure to express how important it is to hire people who have experience with open source software as it is the backbone of companies. The authors of the article calculated the estimated value of open source software by combining data from The Census II of Free and Open Source Software and BuiltWith, which is a database that takes millions of websites and identifies technologies they use. To estimate the cost of recreating these open source projects from scratch, the researchers analyzed the number of lines of code in each project and used the COCOMO II cost estimation model, that predicts development effort and expense based on the size of the code and how complex the code is. They then adjusted these amounts using regional wage data to show how much it would cost in labor throughout the world. This allowed them to estimate that both the cost it would take to replace all of the software would be around $4.2 billion and the total value of open source software being used in the world is almost $8.8 trillion. The reason I used this specific article was because of our current discussions of open source software and how important it is to not only people who are in tech, but also people who are less fortunate and need the resources that this free software gives them. So to see an article that explains what the commercial value this software provides around the world and how much it is actually worth is shocking and goes along perfectly with the importance we saw of it in class. The article itself was very interesting to read about as well. To think about how much it would actually cost to create this software is absurd and really opens my eyes as to how large it actually is. Before reading I believed that it was helpful, but I didn’t know the importance it has in actual companies. As well as how helpful it is to have experience in open source software when it comes to jobs as well. I am definitely going to do more research into different software and hopefully it helps me with my future career.
From the blog Thanas CS343 Blog by tlara1f9a6bfb54 and used with permission of the author. All other rights reserved by the author.