"To me, the future looks a lot more like GitHub," for collaborating on software projects, he said. GitHub is based on the Git software version control system.
O'Grady also stressed the potential of data in the open source, in which information can be aggregated and analyzed.
"To me, the most obvious untapped revenue opportunity for open source is data," O'Grady said.
Despite assertions by some that open source cannot innovate and just commoditizes markets, O'Grady said open source has enabled innovation in areas such as cloud computing. But it can be an aggressive commoditizer, he acknowledged.
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