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: The Five Ways To Build Machine Learning Models

Free, Language, Libre, Open Data, Open Software

The Five Ways To Build Machine Learning Models

Machine learning is powering most of the recent advancements in AI, including computer vision, natural language processing, predictive analytics, autonomous systems, and a wide range of applications. Machine learning systems are core to enabling each of these seven patterns of AI.

In order to move up the data value chain from the information level  to the knowledge level, we need to apply machine learning that will enable systems to identify patterns in data and learn from those patterns to apply to new, never before seen data. Machine learning is not all of AI, but it is a big part of it.

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Article: MTN rolls out R300 million project to capture fibre-starved communities

Open Infrastructure, Spectrum

MTN rolls out R300 million project to capture fibre-starved communities

One lesson that mobile phone companies seem to have learnt during the Covid-19 lockdown is that data is gold. Revenue derived from data has emerged as a key contributor to income growth over the past year, as demand for internet connectivity skyrocketed, driven by the changing work environment and increasing streaming demand.

However, uneven IT infrastructure and prohibitive costs have slowed down the full growth potential of the data market, meaning the returns currently enjoyed by telecommunications companies may just be the tip of the iceberg.

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Article: Tecton Unveils Major New Release of Feast Open Source Feature Store, the Fastest Path to Production for Machine Learning Data

API, Open Infrastructure, Open Source

Tecton Unveils Major New Release of Feast Open Source Feature Store, the Fastest Path to Production for Machine Learning Data

Tecton, the enterprise feature store company and primary contributor to Feast, today announced Feast 0.10, the first feature store that can be deployed locally in minutes without dedicated infrastructure.

The new release makes it possible for data scientists to reap the benefits of a functionally complete feature store with no infrastructure overhead or maintenance. Feast has seen strong adoption to date with more than 1,700 GitHub stars and contributions from Agoda, Cimpress, Farfetch, Google Cloud, Tecton and Zulily.

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Article: 5 Open-Source Software Options You Should Know About

Free, Libre, Open Software

5 Open-Source Software Options You Should Know About

In a world seemingly dominated by a few tech giants and closely kept company secrets, open-source software bucks the trend. Encouraging the sharing of knowledge and collaboration on tech projects, some companies are proving that giving everyone the opportunity to improve and innovate can accelerate progress.

Open-source software is where users are able to view, access, and edit source code. This can be carried out by an individual or as a collaborative project among users working towards a common goal. The ability to call upon the knowledge and experience of people from a variety of backgrounds can often lead to more effective solutions and greater innovations.

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Article: Critical Flaw Found In Widely Used Netmask Open Source Module

Code, Innovation, Open Software, Open Source, Open Space

Critical Flaw Found In Widely Used Netmask Open Source Module

Security researchers analyzing a widely used open source component have discovered security vulnerabilities that leave hundreds of thousands of software applications vulnerable to attack, according to a report released Monday.

The group of five researchers found the security vulnerabilities in netmask, an open source library used in a staggering 270,000 software projects. According to the report, the flaws open the door to a wide range of malicious attacks that could enable attackers to ferry malicious code into a protected network, or siphon sensitive data out of one.

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Article: FAST Solutions To Storage Problems And Archiving File Systems

Innovation, Open Source, Open Space

FAST Solutions To Storage Problems And Archiving File Systems

The annual FAST conference, put on by the USENIX Association is an event that dives into advanced storage system and device technologies.  This year’s event had sessions on key-value storage, advanced file systems, deduplication, cloud and distributed systems, data caching and advanced SSD technology.  It also featured an interesting keynote talk by Netflix.

Jonathan Looney from Netflix gave a keynote at the 2021 FAST conference on its purpose-built Open Connect content delivery network (CDN) that it uses to stream video to its customers around the world.  Open Connect delivers streaming video to over 200 M members, delivering over 100 Tb/s peak data rates.  The figure below gives a schematic on Netflix’s on-line streaming services.

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Article: The Future of American Industry Depends on Open Source Tech

Access, Free, Open Decision-Support, Open Software, Open Source

The Future of American Industry Depends on Open Source Tech

WHEN YOU STREAM the latest Netflix show, you fire up servers on Amazon Web Services, most of which run on Linux. When an F-16 fighter takes off, three Kubernetes clusters run to keep the jet’s software running. When you visit a website, any website, chances are it’s run on Node.js. These foundational technologies—Linux, Kubernetes, Node.js—and many others that silently permeate our lives have one thing in common: open source.

Open source is a technology development and distribution methodology, where the codebase and all development—from setting a roadmap to building new features, fixing bugs, and writing documentation—is done in public. A governing body (a group of hobbyists, a company, or a foundation) publicly manages this work, which is most often done in a public repository on either GitHub or GitLab.

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Article: Open Innovation – What It Is and How to Do It

Innovation, Open Space

Open Innovation – What It Is and How to Do It

Would you unhesitatingly say that all the smartest people in the world reside in your company?

Thought not.

Although this may seem obvious, it is, however, a very common misconception which manifests in the way many companies do innovation; leaving all the creative work to employees alone.

Open innovation is basically an alternative to this conventional method of doing innovation where information has to stay within preset confines. A mindset, if you will, of being open to sharing and receiving information

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Article: Forget the ‘sharing economy’: technology is about to usher in the ‘circular’ economy

Hardware, Materials, Open Manufacturing, Open Source

Forget the ‘sharing economy’: technology is about to usher in the ‘circular’ economy

It now seems clear that decades of effort focused on sustainability and corporate responsibility initiatives have struggled to make a difference. Production has outstripped planetary boundaries and the environment is contending with mass-scale pollution. But why is this? To put it into a succinct argument: ‘Companies can’t be sustainable in an unsustainable society.

The idea of a sharing economy was borne out of a need to rectify this situation. It is a system built around the sharing of human and physical resources and there are hundreds of compelling new businesses tapping into this idea.

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