In 3 years, open source will power cloud, big data initiatives

USA and INDIA: Open source software has become a critical driver for innovation at enterprises and public-sector organizations globally, according to a new research report by Oxford Economics in partnership with Wipro.

The report titled, The Open Source Era, shows that open source software is essential not only for cutting-edge technologies, but its methodologies have spread beyond software development.

Over 75 percent of respondents said that open source software will power their company’s cloud computing efforts, and more than 60 percent respondents believe that it will power their big data initiatives, in three years.

A majority of companies noted that open source software supports their mobile frameworks and a substantial number reported that it powers their middleware and content-management systems.

“Open source is mainstream today; it is robust, scalable and is being used by organizations to create competitive advantage. With a model of sharing as opposed to owning, open source has enabled better developer collaboration, faster time-to-market and lower TCO across geographies.” remarks Bhanumurthy BM, President and Chief Executive, Business Application Services, Wipro.

Edward Cone, Technology Practice Lead, Oxford Economics, opines, “One-fifth of executives surveyed said that they use open source methods widely across the business. Open source’s collaborative, iterative process has led to more co-creation with customers and new lines of business.”