Software comprises computer programs that provide instructions for a computer to perform specific tasks. It extends beyond the executable code to encompass associated documentation such as design documents and specifications, which are crucial for understanding, maintaining, and developing the software.
HSBC defends enterprise software, citing historic low valuations. The bank believes AI will enhance, not threaten, enterprise software capabilities, with software already 'eating' AI.
In 1958, high-level programming languages were introduced, allowing for more human-readable instructions. This made software development easier and more portable across different computer architectures.
In 1998, the State Street Bank & Trust Co. v. Signature Financial Group, Inc. case led the Supreme Court to decide that business processes could be patented. Before this case, software patents were generally not recognized in the United States.
By 2023, Software as a Service (SaaS) products had become the primary method that companies deliver applications, typically via a web application.
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