Article: IBM introduces IBM Cloud for Financial Services.

Innovation, Money, Open Governance, Open Space

IBM introduces IBM Cloud for Financial Services.

For financial services, the biggest challenge in their journey to the cloud is ensuring they meet various regulatory and compliance requirements. Be it a bank, a fintech company or even an insurance firm, compared to other industries, the number of regulations they have to adhere to can be a lot more complicated. This is because of the sensitivity of the data they are dealing with.

For years, banks and other FSIs have been developing their own applications on their own infrastructure. The demand for better customer experience, digitalised operations, risk reduction and gaining competitive advantage requires applications to be developed, managed and run efficiently. The cloud has proven to be a business enabler to solving challenges and unlocking new revenue opportunities. While access to the private cloud is an option, the growing amount of data and the demand for better services by customers require banks to expand their cloud usage to the public cloud.

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Article: Gitpod nabs $13M for cloud-based open source software development platform

Open Software, Open Source

Gitpod nabs $13M for cloud-based open source software development platform

Gitpod, a cloud-based open source development environment, today revealed it has raised $13 million in a round of funding. The German startup also introduced a handful of new features, including native support for Microsoft’s Visual Studio Code editor.

The raise comes amid a boom in activity in the browser-based coding sphere, as developers move away from local development environments to the collaboration-friendly cloud — particularly important in a world that has rapidly transitioned to remote work. Moreover, local development can cause problems when it comes to testing performance and security because not everyone has the same technological setup as the developer. Moving to the cloud helps circumvent many of these problems.

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Article: Supreme Court Decision Affirms Open-Source’s Role in Modern Software Development

Open Source

Supreme Court Decision Affirms Open-Source’s Role in Modern Software Development

A Supreme Court ruling that sided with Alphabet Inc.’s Google in its 10-year legal battle with Oracle Corp. reaffirms the business model behind open-source software—sharing bits of computer code for free, experts said. The ruling on Monday said Google did not violate copyright protections when it used lines of Java computer code that allow its Android mobile operating system to connect to other software. Oracle acquired Sun Microsystems Inc., which created Java, in 2010.

Experts said the ruling affirmed the right of companies to freely use one another’s software to some extent, a practice that has been key to innovation and interoperability. Some voiced concern that the line between fair use and copyright infringement was unclear, and that it could make it harder for startups to make a return on their investment.

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Article: 4 reasons the future of cloud-native software is open source

Open Software, Open Source

4 reasons the future of cloud-native software is open source

Over the last several years, cloud-native development has transformed the way we think about software development. To speed up release cycles, build more powerful applications, and deliver superior user experiences at scale, more and more dev teams are embracing this modern approach to software development and building applications entirely in the cloud.

According to the Cloud Native Computing Foundation (CNCF), there are at least 6.5 million cloud-native developers on the planet today, quite the increase from 4.7 million cloud-native developers that existed in Q2 2019. It’s all but certain that this number will continue to increase as we move further into the future.

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Article: Government’s prioritisation of open source & cloud is paying off

Open Governance, Open Source, Standards

Government’s prioritisation of open source & cloud is paying off

Aadhaar and UPI are acknowledged to be path-breaking technolological successes and both have emerged from governmental institutions.But those are only the more well-known public projects.

The government has been at the centre of building a variety of scalable infrastructure using open source technologies. The Aarogya Setu contact-tracing app turned one on April 2, and it has already seen 17.5 crore downloads.

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Article: AlmaLinux Foundation Delivers on CentOS Promise

Free, Libre, Open Software, Open Source

AlmaLinux Foundation Delivers on CentOS Promise

A nonprofit organization launched this week to oversee future development of AlmaLinux, a distribution of Linux based on code originally contributed to the open source CentOS project.

At the same time, CloudLinux, which created AlmaLinux in response to a decision by Red Hat to pull financial support for CentOS, announced that a stable version of the operating system is now available. CentOS itself was based on the Red Hat Enterprise Linux (RHEL) distribution that is made available via a subscription.

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Article: Red Hat Survey Reveals More Confidence in Open Source

Free, Libre, Open Software, Open Source

Red Hat Survey Reveals More Confidence in Open Source

A recent Red Hat survey revealed how DevOps teams increasingly depend on open source to support their shift to cloud-native environments and digital transformations, and to maintain security in these highly distributed environments.

Based on a survey of 1,250 IT professionals, Red Hat maintains that the survey respondents — from organizations that were Red Hat customers — were unaware that Red Hat sponsored the study to help avoid “biased or influenced responses,” Red Hat said in a statement.

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Article: Penguin Computing announces DeepData solution

Hardware, Open Manufacturing

Penguin Computing announces DeepData solution

Penguin Computing, a provider of high-performance computing (HPC), artificial intelligence (AI), and enterprise data centre solutions, has announced a collaboration with Red Hat and Seagate Technology to unveil its DeepData solution with Red Hat Ceph Storage, a high performance, software-defined storage solution optimized for scale, throughput and cost-effectiveness.

Every year, organisations are creating larger quantities of unstructured data, making it difficult to keep up. There is a growing demand for data to feed AI systems to improve decision making, customer experiences and deliver new services. Additionally, image and video files are increasing in quality, quantity and size while the continued growth of IoT and edge devices is accelerating an influx of unstructured data.

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Article: Revealing Covid-19 impact on Open Source Software market growth over 2021-2026

Open Health, Open Software, Open Source

Revealing Covid-19 impact on Open Source Software market growth over 2021-2026

The Open Source Software market report incorporates all key aspects such as the predominant trends and opportunities that will positively impact the industry dynamics over the forecast timeframe. Moreover, it encloses several recommendations and suggestions to effectively handle the present and upcoming challenges in this industry vertical.

Besides, the research literature expands on the sizes and shares of the market segments, inclusive of the product landscape, application spectrum, and regional terrain. It also sheds light on the effect of COVID-19 on this domain and mentions the strategies for effective risk management and high profits in the ensuing years.

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Article: AlmaLinux, the $1M Drop-In CentOs Replacement, Is Out and Bound for Data Centers

Free, Open Software, Open Source

AlmaLinux, the $1M Drop-In CentOs Replacement, Is Out and Bound for Data Centers

Its creator, CloudLinux, built the distribution at warp speed, racing to fill the void left by Red Hat’s EOL announcement for CentOS. AlmaLinux, designed as a drop-in replacement for CentOS 8, is headed for data centers.

The company behind the new Linux distro, CloudLinux, announced general availability of the first stable release of AlmaLinux OS in a virtual event Tuesday. It was conceived just this past December, immediately after Red Hat’s announcement that it was killing CentOS.

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