Article: What is open source?

Open Source

What is open source?

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.

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Article: Open Finance: The Key To Innovation Across The Financial Ecosystem

Money, Open Governance

Open Finance: The Key To Innovation Across The Financial Ecosystem

The banking sector has seen huge levels of change over the last decade and is now increasingly driven by growing demands for digital services and a customer base that is more prepared than ever to shop around. In 2020 alone, for example, over 700,000 people switched their current account from one bank to another in the search for better deals and services.

The widespread emphasis on customer experience has reshaped the way services across the economy are offered, with consumers using the likes of Amazon and Netflix as a benchmark for other digital brands – banks included. As a result, challengers in the form of Monzo, Starling and Revolut, among others have attracted millions of customers with app-based experiences that are positioned as the antithesis of “traditional” banking, instead putting the customer at the heart of the banking experience.

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Article: How Banks Need To Be Using Fintech Post-Pandemic

Money, Open Governance

How Banks Need To Be Using Fintech Post-Pandemic

Thanks to COVID-19, companies are facing tough decisions about how to operate and what they want to become. For banks, this means looking closely at the relationship they have with fintech and considering what kinds of integrations or partnerships make sense. To continue offering the most value to both investors and customers, banks will likely need to embrace open banking and marketplace operations far more than they currently have.

Over the past 10 years, the bank-fintech relationship has been based on fear, curiosity, or pragmatism, at various points in time. The main concern banks had at first was that fintech would offer the same services banks do, which would lead customers to turn to fintech businesses instead of banks.

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Article: Spotlight on St. Louis’ growing Geospatial sector

Geospatial, Open Data

Spotlight on St. Louis’ growing Geospatial sector

Cities all over the Midwest and the country are going through changes, finding their unique identities amid an ever-changing, tech-focused economy. St. Louis is no exception to this trend and has created an environment ripe for innovation. The economy in this growing Missouri city is booming for businesses, entrepreneurs, tech workers, millennials, and more.

One sector that is seeing unprecedented growth and significant investment from the public and private sectors is geospatial technology. St. Louis is predicted to become a leader in geospatial technology, but this rise did not happen overnight.

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Article: Open-source platform using gene therapy to find a cure for kids with rare diseases

Cures, Drugs, Open Health, Procedures (Medical)

Open-source platform using gene therapy to find a cure for kids with rare diseases

The genetic condition that affects Raghav is called Sedaghatian type Spondylometaphyseal Dysplasia (SSMD). SSMD causes cardiac arrhythmia and abnormalities in the skeletal and central nervous system. Doctors said Raghav would be a wheelchair user, non-verbal and likely to die prematurely. A diagnosis that Ramesh, a software engineer with Amazon, and his wife were unwilling to accept.

Along with his work at Amazon, Ramesh started Googling for information regarding the genetic condition that was affecting his son and read up all the relevant literature regarding gene therapy and other treatments that were available on this rare disease.

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Article: Amazon announces it’s open sourcing DeepRacer device software

Hardware, Open Manufacturing

Amazon announces it’s open sourcing DeepRacer device software

When Amazon debuted AWS DeepRacer in 2018, it was meant as a fun way to help developers learn machine learning. While it has evolved since and incorporated DeepRacer competitions, today the company announced it was adding a new wrinkle. It’s open sourcing the software the company created to run these miniature cars.

At its core, the DeepRacer car is a mini computer running Ubuntu Linux and Robot Operating System (ROS), both open source components. The company believes that by opening up the device software to developers, it will encourage more creative uses of the car by enabling them to change the car’s default behavior.

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Article: Why open banking APIs are so different

Money, Open Governance

Why open banking APIs are so different

Open banking comes with a lot of expectations and promises, such as democratization of Access to Account (X2A), increased competition between banks and fintech’s, and provision of better control to end-customers over their financial data and payments.

To facilitate the adoption of open banking, several API standards incentives were created including Open Banking UK, Berlin Group, STET in France, Polish API, CDR in Australia, and so on. Also, a process of collaboration between API groups has been initiated. However, in the real world of open banking, APIs’ consumers, including fintech’s and banks themselves, have faced a lot of challenges while integrating those APIs into unified product propositions. Why? Because APIs are so different.

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Article: Open Source Joins Efforts to Create Gene Therapies for Rare Diseases

Cures, Drugs, Open Health, Procedures (Medical)

Open Source Joins Efforts to Create Gene Therapies for Rare Diseases

Some 400 million patients worldwide are affected by more than 7,000 rare diseases; yet treatments for rare genetic diseases remain an underserved area. More than 95 percent of rare diseases do not have an approved treatment, and new treatments are estimated to cost more than $1 billion.

Sanath Ramesh created the RareCamp project and the OpenTreatments Foundation to enable patients to create gene therapies for rare genetic diseases and then work with their doctors and nonprofit organizations to develop drugs. The Linux Foundation, the nonprofit organization enabling mass innovation through open source, is helping those efforts succeed.

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Article: How Advances In Open-Sourced Data Can End Police Brutality

Access, Open Data, Open Decision-Support

How Advances In Open-Sourced Data Can End Police Brutality

The first three months of 2021 have already accounted for 213 deaths at the hands of law enforcement, and because of the work of data scientists, we know that the rate of fatal police shootings for Black Americans remains much higher than that of any other race.

In the ongoing fight against systemic racism and police brutality, leading data scientists believe the solution is improved open-sourced social data science — an interdisciplinary field that uses processes, algorithms and systems to answer complex social questions and make objective decisions.

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Article: Amazon Forks Elasticsearch Rebranding It as OpenSearch

Access, Document, Open Decision-Support, Research

Amazon Forks Elasticsearch Rebranding It as OpenSearch

Amazon recently announced the release of OpenSearch, a fork derived from versions 7.10.2 of ElasticSearch and Kibana. OpenSearch is licensed under the Apache License, V2 (ALv2). Elastic recently made adjustments to their Elastic License to simplify the usage of their code for non-commercial purposes.

The product team behind this release calls the OpenSearch project a “a community-driven, open source fork of Elasticsearch and Kibana”. They continue to explain that: “Our goal with the OpenSearch project is to make it easy for as many people and organizations as possible to use OpenSearch in their business, their products, and their projects”

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