Omega (capital: Ω, lowercase: ω; Greek Ωμέγα) is the 24th and last letter of the Greek alphabet. In the Greek numeric system, it has a value of 800. The word literally means "great O" (ō mega, mega meaning "great"), as opposed to omicron, which means "little O" (o mikron, micron meaning "little").
In phonetic terms, the Ancient Greek Ω is a long open-mid o [ɔː], comparable to the vowel of British English raw. In Modern Greek, Ω represents the mid back rounded vowel /o/, the same sound as omicron. The letter omega is transcribed ō or simply o.
As the last letter of the Greek alphabet, Omega is often used to denote the last, the end, or the ultimate limit of a set, in contrast to alpha, the first letter of the Greek alphabet.
Ω was not part of the early (8th century BC) Greek alphabets. It was introduced in the late 7th century BC in the Ionian cities of Asia Minor to denote the long half-open [ɔː]. It is a variant of omicron (Ο), broken up at the side (), with the edges subsequently turned outward (, , , ). The Dorian city of Knidos as well as a few Aegean islands, namely Paros, Thasos and Melos, chose the exact opposite innovation, using a broken-up circle for the short and a closed circle for the long /o/.