Final answer:
The process that enables networked computers to concurrently run multiple operating systems and share resources is known as virtualization. This technology has become an integral part of computing, allowing for efficient use of hardware and cost savings, highlighted by the widespread adoption of open-source Linux-based systems.
Step-by-step explanation:
A process that allows software-based networked computers to run multiple operating systems and programs and share storage is called virtualization. Virtualization technology enables the creation of a virtual instance of an operating system, a server, a storage device, or network resources. It allows multiple virtual machines, with their own operating systems, to run in isolation, side by side on the same physical hardware. A key benefit of virtualization is that it provides a way to maximize the use of physical resources, leading to cost savings and increased efficiency.
Historically, the development of operating systems has seen a transition from proprietary systems tightly controlled by manufacturers to more open and flexible solutions. For example, the Linux operating system, an open-source alternative to proprietary systems, has become widely adopted for its cost-effectiveness and versatility, becoming a staple in servers, supercomputers, and embedded systems alike.