What are open source and open standard?

In general, open source refers to any software program that has an editable source code, available for users and developers to modify as they wish. Open-source software is usually developed as a public collaboration and can be used freely by anyone. On the other hand, open-standard software is defined as software that follows the guidelines established to keep technologies "open". These guidelines allow the free sharing of all types of data with perfect fidelity. Open standards help prevent vendor lock-in and therefore improve interoperability.

In concept, open source and open standards are more similar than different. The goal of both is to create an immense amount of shared value that can be used freely by everyone. Proponents of open source and open standards all have similar ideas about how to manage an open project, but their approaches are different.

Application development can gain much by working with both open-source and open-standard software. On the technical side, open-source projects based on open standards have a better chance of getting access and support on governance issues and other industry-acceptable documentation. It can also open up funding opportunities that can influence the goals of the company.

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