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Intellectual Property - Coggle Diagram
Intellectual Property
Software as a Service
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Often free i.e. Google Apps, sometimes subscription based i.e. Office 365, Adobe Creative Cloud.
Commercial software vendors who produce proprietary software rely on the purchase/licence fee they receive to make profit.
Both open source and SaaS providers are eating into the revenues of commercial software venders…Why should users pay for software? When they can get it free?
Commercial software producers have to devise new ways to ensure that customers are still willing to pay for their software…
Response
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Made their products more appealing and of better quality by including more facilities and functions.
Provided software bundled in when you buy a computer. So that when you buy a new device it’s already installed.
Provided technical support, help services and training material.
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Open Source
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Open source software files are usually very compatible and can be used in a wide variety of programs.
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Intellectual property or IP is a valuable commodity; companies will pay big bucks to buy patents and then make big profits licensing the IP on to other companies. Companies will pay lots of money to protect their IP, hiring teams of specialist lawyers and engaging in litigation with rival organisations.