The significance of open-source software in technology lies in its collaborative nature and accessibility. Being publicly available, it allows developers to modify, distribute, and improve the software, leading to rapid innovation and a diverse ecosystem. Open-source solutions often foster community collaboration, where users contribute to enhancements, security, and bug fixes, thereby increasing the software's reliability and performance. Furthermore, open-source tools can reduce costs for organizations, promote interoperability, and empower users with greater control over their technology infrastructure. Overall, open-source software serves as a foundation for technological advancement across various industries.