TESTING
Manuel Hoffmann is a postdoctoral scholar at the Laboratory for Innovation Science at Harvard housed within the Digital, Data, and Design institute at Harvard Business School. He is also affiliated with Stanford University.
Manuel's research interests lie in social and behavioral aspects around open source software and artificial intelligence, under the broader theme of innovation and technology management, with the aim of better understanding strategic aspects for large, medium-sized, and entrepreneurial firms.
Join us for a presentation and Q&A with Manuel Hoffmann, Postdoctoral Scholar at the Laboratory for Innovation Science at Harvard.
We all know OSS is valuable, but exactly how valuable? While we intuitively understand its importance as the foundation of modern technology, quantifying its economic impact has been challenging due to its free nature and decentralized usage patterns.
New research using global data from millions of companies reveals striking numbers that validate what the OSS community has long known:
- The bare cost to create popular OSS packages: $4.15 billion
- The economic usage value delivered: $5.25 trillion to $88 trillion (depending on whether one firm recreates and resells the software or each firm recreate the software themselves in autarky)
- Without OSS, corporate software spending would need to triple
In other words, OSS isn't just "free as in freedom" - it's delivering massive economic value that dwarfs its development costs by orders of magnitude. The research finally puts concrete numbers behind what OSS advocates have argued for years.
Objectives for this session:
- Quantify the enormous gap between OSS creation costs and its economic usage value
- Demonstrate why traditional economic measures severely undervalue OSS's impact
- Provide data-backed arguments for continued investment in and support of OSS
The link to access this event will be included in your registration confirmation email.
Please Note: The start time is 11:00am Eastern U.S. time
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