Earlier this month TechCrunch published an article of mine, "The Business Economics And Opportunity Of Open-Source Data Science". With this article I wanted to share how open-source software has disrupted the economics of doing business, now that data is a fundamental component of every businesses' operations. Open source projects like Hadoop and R, coupled with commodity hardware, have fundamentally changed the equation when it comes to the scale and scope of the problems that can feasibly be tackled.
If you'd like to read more on this topic, one other article I particularly recommend is by RedMonk's Stephen O'Grady: Open Source and the Rise of as-a-Service Businesses. Here's the key quote (as cited in the TechCrunch article):
“Unlike prior eras in which industry players lacking technical competencies effectively outsourced the job of software creation to third party commercial software organizations, companies like Amazon, Facebook and Google looked around and quickly determined that help was not coming from that direction – and even if it did, the economics of traditional software licensing would be a non-starter in scale-out environments.”
TechCrunch: The Business Economics And Opportunity Of Open-Source Data Science
Comments