Open-source software (OSS) underpins all major cloud platforms and a large number of cloud-based services today. Core technologies that power cloud computing –Linux, Kubernetes, Cloud Foundry, Docker, to name a few –are developed in open communities. The Cloud Native Computing Foundation supports innovation in OSS for cloud computing and has sponsorship and participation from practically all major players in the cloud ecosystem.
A recent survey  of 3,440 professional developers and managers showed the widespread influence of open source, both in cloud technology and as an essential in-demand and growing skill in the industry. For example, 69% of respondents thought that contributions to open-source projects result in better professional opportunities.
The push from open banking toward the more encompassing approach of open finance is being driven by several elements, from consumer pressure to regulatory obligations to greater awareness around privacy concerns. However, there is by no means a unanimous approach to open banking, and certain players believe that we are at different stages of completion on the open banking roadmap.
Over the last decade we have seen that regulatory requirements are increasing, especially in the areas of privacy, payment services, and financial reporting. A more agile, nimble, proactive approach by regulators has been seen against this backdrop, does this equate to innovative supervision, or simply more regulations?
New technology could help cities around the world improve people’s lives while saving billions of dollars. The free, open-source software developed by the Stanford Natural Capital Project creates maps to visualize the links between nature and human wellbeing. City planners and developers can use the software to visualize where investments in nature, such as parks and marshlands, can maximize benefits to people, like protection from flooding and improved health.
“This software helps design cities that are better for both people and nature,” said Anne Guerry, Chief Strategy Officer and Lead Scientist at the Natural Capital Project. “Urban nature is a multitasking benefactor — the trees on your street can lower temperatures so your apartment is cooler on hot summer days. At the same time, they’re soaking up the carbon emissions that cause climate change, creating a free, accessible place to stay healthy through physical activity and just making your city a more pleasant place to be.”
According to a new report by Mastercard, which conducted in-depth research into how prepared European countries are to embrace the open banking ecosystem, the Nordic countries have been crowned best placed to take advantage of it, together with the UK.
Open banking is fast becoming a worldwide phenomenon. It empowers consumers and businesses to take control of their financial data and their financial futures while stimulating competition and innovation among financial service providers. The report – ‘Open Banking Readiness Index: The Future of Open Banking in Europe’ – found the Nordics’ and UK’s digital infrastructures ensure the countries are very well-placed to allow widespread use of this concept.
Facebook has recently open-sourced AugLy, a new Python library that aims to help AI researchers use data augmentations to evaluate and improve the durability of their machine learning models. AugLy provides sophisticated data augmentation tools to create samples to train and test different systems.
AugLy is a new open-source data augmentation library that combines audio, image, video, and text, becoming increasingly significant in several AI research fields. It offers over 100 data augmentations based on people’s real-life images and videos on platforms like Facebook and Instagram.
It’s difficult to overstate the role that open source plays in today’s technology-centric world, given that it intersects with just about every piece of software. Data from Synopsys, the company behind open source security management platform Black Duck, indicates that 98% of codebases contain at least some open source code.
But open source software is not only eating the world, as the popular expression goes, it’s also devouring the solar system — recent GitHub data showed that almost 12,000 GitHub developers contributed to the code that made the very first Martian helicopter flight possible on April 19, 2021. Chances are, though, most weren’t even aware that their contributions were used in the historic NASA mission.
A brand new metropolis built from the ground up with tech powered urban design. A white elephant nobody wants to live in. An eco-friendly suburb. The term “smart city” has evoked various descriptions, but it’s the world’s existing cities which will need to smarten up as Internet of Things (IoT) technology evolves and the world reopens for business and travel.
All cities can improve the provision and development of urban services through IoT technology – not just new ones built to be smart from the start, like Kenya’s Konza Technopolis. For example, a smart city might be simply one with improved capacity planning and management. By analysing data on public transport, “flow” models can be made which predict usage at certain times and help transport companies prepare in advance for peak periods.
Geoscience BC has created a network of seismographs in the Kiskatinaw area to understand how, and why earthquakes can be caused by hydraulic fracturing and wastewater disposal during natural gas development. The project installed a dense network of 15 seismographs in the Kiskatinaw Seismic Monitoring and Mitigation Area in 2020. Data gathered by the project will help inform regulatory practice for British Columbia’s natural gas sector.
Researchers have concluded that real-time, continuous data from a dense array of stations can generate shakemaps, identifying local and seasonal variations in ground motion from seismic events. The seismic data can also identify subsurface structures, aiding in analyzing geological sensitivity to induced seismicity.
Columbus city leaders and local researchers are touting the benefits of the Smart City Challenge, an effort to make technological advances in transportation. While there were some gains made in the now-expired five-year effort, there were also some failures.
“Every technology demonstration that Smart Columbus pursued, whether it was autonomous vehicles, connected vehicles, electric vehicles, charging infrastructure or share mobility navigation tools, it was deployed with the prosperity of our city in mind, and equity in particular in mind,” said Columbus Mayor Andrew Ginther.