We can tell you how OpenStack can help financial services companies become more competitive, cut costs, boost product development and even lift the bottom line. But sometimes it’s better to let someone else tell you. FICO—the predictive analytics and decision management software company that determines credit ratings—says it has reduced time to market by 50 percent and lowered costs by 30 percent since moving to an OpenStack cloud infrastructure. The financial services firm has deployed Red Hat software, including Red Hat Enterprise Linux OpenStack Platform, Red Hat CloudForms, and Red Hat Ceph Storage.
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Telecommunications companies are eyeing OpenStack as a way towards virtualized platforms using network functions virtualization (NFV), software-defined networking and cloud. Red Hat continues to advance its open source solutions to meet telcos’ requirements. Just recently Radhesh Balakrishnan, GM of OpenStack at Red Hat, talked about Red Hat’s efforts with RCR Wireless News editor-in-chief Dan Meyer on its NFV/SDN Reality Check show. Listen in.
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Red Hat has long history of honoring open source innovation, and last month kicked off two key awards programs: the 2016 Red Hat Innovation Awards and the 2016 Women in Open Source Awards. The Red Hat Innovation Awards recognize the innovative ways that individuals, companies and partners worldwide are implementing Red Hat’s technologies, and the Women in Open Source awards honor women who make important contributions to open source projects and communities, or make innovative use of open source technology.
Continue reading “Red Hat award nominations to honor open source innovation in business and women’s leadership are now open.”
Open source technologies are increasingly yielding innovative solutions in healthcare. And it’s not just the technology itself that is changing the healthcare landscape, it’s the open source community. As an example, e-NABLE, a global community of volunteers, is using open source technology and 3-D printing to create prosthetic devices for those in need, with the goal of providing them to underserved populations around the world for free. See the new documentary video Red Hat created to learn about how e-NABLE is using open source to change lives around the world, and expand possibilities in healthcare.
Continue reading “Injecting profound advancements into healthcare with open source.”
The 12th release of OpenStack is out. There’s plenty to talk about in Liberty, unveiled Oct. 15. Among Liberty’s many new and enhanced features are a few that might capture the attention of telcos that want to use OpenStack as the platform to support network functions virtualization (NFV) services in their networking topologies.
Continue reading “Much ado about OpenStack’s twelfth release, including new features for NFV.”
Like many industries, the financial services sector has a lot to gain from the Internet of Things (IoT). A new report from Deloitte, “The derivative effect: How financial services can make IoT technology pay off,” makes this case, asserting that IoT has the potential to broadly transform the financial services industry just as the Internet did. Deloitte recommends that industry leaders and professionals explore IoT’s promise, examine the impacts IoT can have on the industry and consider how IoT applications may change their jobs in the coming years.
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Financial services companies are increasingly looking to virtualized infrastructure, including Platform-as-a-Service (PaaS, so they can more quickly, efficiently and consistently deliver IT services. That’s what Verdipapirsentralen ASA (VPS) has done. Norway’s national Central Securities Depository has deployed a private, on premise PaaS solution based on OpenShift Enterprise by Red Hat.
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The oil and gas industry is facing tough times. In mid-September, London-based Moody’s Investor Service issued a report that details today’s challenging market, highlighted by the fact that global crude oil prices have fallen by more than 50 percent since mid-2014. Oil and gas companies are looking for opportunities to optimize operations where they can, and one way is through Open Platform Communications (OPC), a standard framework that enables real-time communication of data between automation and business systems of industrial companies, including oil and gas.
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An oft-cited benefit of using open source technology is the community that supports and contributes to its development. Consider that in the Linux Foundation’s multiple open source projects there are more than 500 corporate members and thousands of developers collaborating on them. But how does all that add up? A new report just released from the foundation has an answer: $5 billion.
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The power grid is a web of legacy and proprietary technologies that are often incompatible. The risk of failure and cyberattacks is growing. In fact, a recent investigation conducted by USA Today multiple newspapers and TV stations and drawing on government records, federal energy data and a survey of more than 50 electric utilities, found that about once every four days, part of the nation’s power grid is struck by a cyber or physical attack. To combat the problems, the energy industry in the United States is investing billions of dollars to modernize the nation’s electric system, and open source has a key role in the effort. Learn more in this Red Hat webinar Oct. 8.
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