Open system - consists of nonproprietary hardware and software based on publicity known standards that allow third parties to create add-on products to plug into or inter operate with the system.
Source code - Contains instruction written by a programmer specifying the actions to be performed by computer software.
Open source - any software whose source code in made available free for any third party to review and modify.
Characteristics of Business
1. User-contributed content
- is created and updated by many users for many users.
- reputation system - where buyers post feedback on sellers.
2. Collaboration inside the organization
- is a set of tools that supports the work of teams or groups by facilitating the sharing and flow of information.
3. Explicit and Tacit knowledge
- Explicit knowledge - consists of anything that can be documented,archived,and codified,often with the help of IT.
- Tacit knowledge - is the knowledge contained in people's heads. The challenge inherent in tacit knowledge is figuring out how to recognize,generate,share, and manage knowledge that resides in people's heads.
Collaboration outside the organization
Social tagging
- Tags - are specific keywords or phrases incorporated into website content for means of classification or taxonomy.
- Social tagging - describe the collaborative activity of making shared online content with keywords or tags as a way to organize it for future navigation, filtering, or search.
- Folksonomy - is similar to taxonomy except that crowd sourcing determines the tags or keyword-based classification system.
- Website bookmark - is a locally stored URL or the address of a file or Internet page saved as a shortcut.
Social bookmarking - allows users to share,organize,search and manage bookmarks.
Business 2.0 Tools for Collaborating
- Blogs
- Wikis
- Mashups
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