Open Source Technologies

Open source technologies are making profound impact in the overall IT industry and disrupting underlying businesses. Though open source technologies brings savings from cost perspective but underlying support issues cannot be mitigated. Specially in the businesses which cannot afford downtime have to seriously think about the adoption of open source technologies and compare the cost benefit analysis with keeping in mind the underlying risk associated with them. Regulators across the globe are closely monitoring as well and in some part of the world open source technologies are observed as threat by regulators.

In early days, open source or freeware technologies were rolled out by anonymous communities but later with their success and adoption by enterprises the big vendors such as Fintech providers started utilizing them by inheriting the underlying code and providing the support and management contracts. Purchase of MySQL and Linux by Oracle and RedHat respectively are some the examples.



If we see through the crystal ball of future, open source looks promising and technologies like BlockChain, BigData will further boost up the use cases. So it is on the business side to leverage the risk they are buying with the cost  saving.

Also with time communities of respective technologies are becoming stronger as well, which is also then boosting up the confidence level of enterprises. But it is important that technology teams should associate themselves with such communities to keep a track of updates and upgrades.


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