A repository is a place where code for a project is stored so that it can later be protected. This is very important for open source projects and many software developers will use a repository service like GitHub to keep the track of their code. The benefit of having a repository online is that it guarantees that your work will always be available, even if something happens to your personal computer (though we recommend that you keep backups).
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A repository for institutions allows universities and other academic institutions to display and host their research outputs in a central location. It includes everything from abstracts of conferences to research reports, journals along with student theses and doctoral dissertations into a single repository that is easily accessible by anyone who has access to the internet. It can be an invaluable instrument for institutions seeking to increase their academic standing and gain visibility and competitiveness.
The main purpose of an online repository is to allow institutions to share their research material to the public and other interested parties for free and in a format usable. It allows the institution to keep a record of their research and history while ensuring privacy policies and scholarly standards.
Some repositories, as well as providing online access to their publications they can also assist authors and colleagues share their data using standard formats for information and structures that are geared towards non-technical users. Some repositories have advanced search tools that allow users to find files quickly, without having to spend hours searching through folders and opening endless tabs.