The economics of open innovation and FOSS

Free software and the process of development of FOSS through a commons based peer production model are among the fastest growing phenomenon today.

In the first part of my talk, I will focus on the maturity of FOSS software in various software segments and the growing market share of FOSS. The talk will delve into a detailed analysis of various business models used by companies in the evolving FOSS landscape and the reasons for the rapid growth of FOSS in some segments while slow growth in other segments.

The second part of my talk will look at the process of open innovation and how companies can and have leveraged open innovation to succeed in the competitive IT industry today.

The third and final part of my talk will look at how the FOSS model of development is going beyond the software world and is being a disruptive innovation in industries ranging from automobiles to spirituality and finance.