What is a proprietary product meaning?
In information technology, proprietary describes a technology or product that is owned exclusively by a single company that carefully guards knowledge about the technology or the product’s inner workings.
What is an example of a proprietary?
An example of something that would be described as proprietary is the ownership interest you have in your possessions. An example of something that would be described as proprietary are the patented drawings for a new product. A proprietor or group of proprietors.
What does proprietary mean in business?
1a : held as property of a private owner. b : of, relating to, or characteristic of a proprietor proprietary rights. 2 : used, made, or marketed by one having the exclusive legal right a proprietary process. 3 : privately owned and managed and run as a profit-making organization a proprietary insurer a proprietary …
How is a proprietary product used by a company?
The primary benefit of having proprietary products is related to the revenue received from the sale or use of the products. All potential clients are forced to conduct business with the owners. This allows the owners of a proprietary product to control the market and set the price for that product.
What is a non proprietary product?
adjective. not protected by trademark or patent or copyright. “nonproprietary products are in the public domain and anyone can produce or distribute them” Synonyms: generic. (of drugs) not protected by trademark.
What are the benefits of proprietary products?
There are several advantages to proprietary products over open source products: better quality control issues in creating products; a firmer control over the licensing, either the technology the product is based on or what material (music in this case) can be used with the proprietary device; the potential to build …
Does proprietary mean private?
The ‘proprietary’ in ‘proprietary limited’ prefers to the company being private – meaning that a limited number of shareholders own the shares of a specific company.
Are apples proprietary?
Apple stayed with its proprietary hardware and software. Over time, it eventually moved onto industry standard Intel chips, it adopted PC standards such as USB, and made its disk operating system files compatible with the PC world.
What is another word for proprietary?
In this page you can discover 14 synonyms, antonyms, idiomatic expressions, and related words for proprietary, like: proprietory, restrictive, propietary, proprietorship, nonproprietary, software, intellectual property, patented, third party, anti-copy and patent pending.
What is proprietary and non proprietary?
Proprietary systems integrate exclusively with equipment and software produced by the company that manufactured the system, while non-proprietary building control systems can integrate with a variety of different equipment manufacturers and software platforms.
What is proprietary access?
A proprietary access control system is any system whose hardware only works with one provider’s software. In contrast to open access control, the manufacturer of a proprietary access control system emphasizes uniformity and security.
What is a proprietary model?
Proprietary Model means the probability and risk analysis model developed by the Company Subsidiaries in the form utilized by the Company Subsidiaries at the Effective Date, subject to material modifications as agreed by Trenwick and Option Writer.
What’s the difference between proprietary and public?
Companies can be public and private. The key difference between a public and a private company is that public companies are open to investment by the public. On the other hand, private (or proprietary) companies are not. Being open to investment by the public makes it far easier to raise capital.
Why is Apple so terrible?
Criticism of Apple includes allegations of unethical business practices such as anti-competitive behavior, rash litigation, dubious tax tactics, the use of sweatshop labor, misleading warranties and insufficient data security, and concerns about environmental destruction.
What is the opposite of proprietary?
adjective. ( prəˈpraɪəˌtɛri) Protected by trademark or patent or copyright; made or produced or distributed by one having exclusive rights. Antonyms. nonproprietary generic unpatented.
How do you use the word proprietary?
Proprietary in a Sentence 🔉
- The soft drink company uses it proprietary formula to exclusively make its best selling beverage.
- Because the company tried to steal our proprietary recipe, we took them to court.
- Wall Street hedge funds use proprietary algorithms to make the best trades for their clients.
What’s another word for proprietary?
In this page you can discover 14 synonyms, antonyms, idiomatic expressions, and related words for proprietary, like: proprietory, restrictive, propietary, proprietorship, nonproprietary, software, anti-copy, intellectual property, patented, third party and patent pending.
What is proprietary model?
What is the difference between open source and proprietary?
Open source software can be free of copyright and is usually available to anyone. Proprietary software is copyrighted and only available under licence.
What do you mean by non proprietary?
Definitions of nonproprietary. adjective. not protected by trademark or patent or copyright. “nonproprietary products are in the public domain and anyone can produce or distribute them”
What is a proprietary system in a business plan?
Your proprietary system: Well, basically it is the system that you use to get your customers that result that you talked about up earlier in your marketing message. Your system is unique and different from your competition’s system, coming up with your proprietary system really doesn’t need to be complicated.
What is the difference between private and proprietary company?
What makes something proprietary?
Trade secrets
What does proprietary mean?
The company claims that its aim is to bring power efficiency and longer battery lives to all systems that utilize its hardware through proprietary software and performance instead of being core reliant, meaning that more can be done to preserve power
What are the advantages and disadvantages of proprietary software?
– Trading bots are unregulated – Robot trades can still fail in very volatile market conditions – Bot API (application programming interface) can be hacked
What are proprietary brands?
East Bay Vivarium.