<ul data-eligibleForWebStory="true">Open-source software promotes collaboration and innovation in software development.The power of community in open-source projects encourages developers to work together for mutual benefit.Transparency and security are key advantages of open-source software as communities address vulnerabilities promptly.Customization and flexibility in open-source tools allow companies to tailor software to their specific needs.Open-source projects drive innovation by enabling developers to build upon existing work and introduce new features.