Open Source model considered a supply chain imperative for using critical assets: Organizational and Institutional Knowledge
Read Part 1
Organizations worldwide frequently overlook the value of institutional knowledge as one of their most valuable assets in managing their core business.
While proprietary software programs collect information that is most common to many of its customers, they cannot be easily customized for an organization that wants to innovate and map its own solutions.
That’s where open source software (OSS) development provides an advantage through its ability to allow specialized customization, cost effectiveness and flexibility while incorporating best practice standards.
This approach to software development can lead to a competitive advantage, because of its inherent ability to collect custom information that’s most useful to an organization.
Open source offers multiple benefits and advantages to innovative organizations that want to maximize the value of the institutional information and data and want to protect it.
There is no question that this is especially true in fields such as banking, financial services and insurance where heavy compliance and security issues are daily concerns.
Senior management often has little knowledge of the pervasive nature of open source today and its current usage in their own organizations, where developers may download, evaluate and plug it into their software mix. Don’t overlook the value of open source – it’s everywhere.
When asked the following question in a 2016 international Zenoss study, respondents confirmed the pervasiveness of open source: “When asked if they used open source software, 91% of survey respondents indicated they did. This is true for companies of all sizes.”
Here are some important points and reasons why developers should consider open source adoption.
Considerations for Open Source Adoption in your 2017 Strategy
- Today, open source is the launching pad for new tech development where ideas and apps proliferate on what seems like a daily basis
- Licenses for open source software platforms are typically less expensive and more flexible than those for proprietary systems
- Large Internet companies such as Google, Yahoo and others are big contributors to open source platforms and have developed their own and share them
- More and more app development and IT infrastructure relies on open source software
- Cloud hosting of open source apps is growing because some IT staffs don’t want to install and maintain them
- Breaches are easier and faster to detect in open source since users have a view under the hood, so to speak, to see what’s happening more quickly and execute fixes or changes allowing faster to market
- Open source complies with best practice standards
- Open source improves ROI through its code-sharing ecosystem and rapid expansion
- It offers interoperable functionality with other open source and proprietary platforms
- In the 2016 international Zenoss study, when asked “comment on why they choose open source software (both paid and commercial versions), the five takeaways were: Cost, Support, Flexibility, Community and Platform.”
Finally, CIO Magazine added its own take on the OSS situation in an article titled 6 Reasons to Pay for Open Source Software:
- Enterprise-grade support
- Input into new features
- Tested, stable products, rapid bug fixes and predictable lifecycles
- Extra functionality
- Integrated hardware and software solution
- Low-cost platforms for proprietary products
Part 1 of this series provides an overview of OSS and the unique role it plays in organizational IT and contains references to supporting messages found in a compelling international study. Part 3 of this series will focus on how to maximize the value of OSS in your 2017 strategy.