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Proprietary technology is a system, application or tool that is owned by you. The term applies to firms that develop their own software or hardware to sell to customers or to use for internal functions. The following are illustrative examples of proprietary technology.
Internal SystemsA bank develops a system that collects data from a variety of internal data sources to calculate risk metrics. Internal ApplicationsAn ecommerce company develops an application to help managers and employees manage inventory at distribution centers.Business-to-BusinessAn information security firm develops an intrusion detection system that it sells to large and medium sized organizations.
Business-to-ConsumerA software firm develops tax preparation software that is available to customers with a free trial and fully licensed version.A manufacturer develops custom functions for a robot using a specialized visual programming language.
Computing Basics
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