Earlier this year, the Linux Foundation announced that certain open source projects – notably OPNFV, ODL, ONAP and FD.IO – merged with the Linux Foundation Networking Fund (aka LFN). Because of this, events associated with these projects have been rolled up into the Open Networking Summit (ONS) which is run twice a year. The NA summit was held in Los Angeles the last week of March, 2018, and the EU summit will be held in Amsterdam the last week of September, 2018.
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The financial services sector is ramping up investments in next-generation technologies, including both private and public cloud. It’s not just cloud, of course. Artificial intelligence (AI), machine learning, blockchain, advanced data analytics – the list goes on.
Red Hat’s Alessandro Petroni and Bill Lathram each participated in panels at recent Wall Street Technology Association events. The following are their first-hand perspectives of the events.
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The Open Networking Summit (ONS) North America is here, and we hope you’ll join us next week, March 26-29 at the Intercontinental Los Angeles Downtown as we discuss software defined networking (SDN), secure devops, container networking, 5G infrastructure, and more. ONS brings together enterprises, service providers and cloud providers to discuss the future of open source networking, covering topics like SDN, network functions virtualization (NFV), orchestration and cloud automation, and the internet of things (IoT).
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The communications service provider (CSP) industry continues to show signs of disruption and transformation. Many CSPs are abandoning the closed, proprietary infrastructures of the past for more agile and open ones in order to offer services more quickly and support tech-savvy customers with a host of new and evolving expectations. These CSPs are making plans for 5G, continuing deployment of network functions virtualization (NFV) and software-defined networking (SDN), and are moving forward with new services to use edge computing.
Continue reading “2018: The year of open source networking for CSPs”
In the highly competitive financial services industry, accurately predicting risk profiles is key. But analytics applications used to determine risk are typically large and compute-intensive, requiring a powerful technology stack that incudes parallel processing and compute accelerators. Open source technology can be a viable solution, delivering more flexibility, adaptability, and cost savings.
Continue reading “Red Hat, partners achieve record-setting STAC benchmark on financial risk analytics”
Financial services is becoming a digital business, and that digital heartbeat brings with it many opportunities as well as significant challenges. Clients today are much savvier and have higher expectations for exceptional digital experiences, and traditional asset and wealth managers, banks and insurance companies are under intense competitive pressure, not only from one another, but from non-traditional entrants new to the market. To remain relevant, financial institutions need to deliver superior client experiences across channels, remain agile to navigate the changes, reduce costs and improve operational efficiencies, and most importantly, innovate. At the recent Gartner Symposium/ITxpo 2017 in Orlando, I shared how application modernization can help financial services institutions do just that.
Continue reading “Modern applications and open source: a path to success for financial institutions”
To gain maximum benefit from cloud transformation, communication service providers must evolve from virtualization of network functions to truly cloud-native design. This evolution delivers improved scalability, faster innovation and a more rapid response to customer demands. Join us for a webinar with Nokia on Tuesday, December 5 as we discuss requirements, benefits and use case examples of going cloud native with open source.
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The beauty of open source software is that anyone can download the code and then install, configure and use it. The challenge is doing so in a production environment at scale. That’s what communications service providers (CSPs) face as they build out platforms at scale to operate cloud environments that serve millions of users. These cloud platforms include compute, networking and storage hardware as well as software to automate, manage, monitor and secure the platform.
Continue reading “Do-it-yourself vs. Red Hat OpenStack Platform”
As I was compiling all of the fantastic stories from financial institutions that Red Hat has partnered with to transform their business, I was in awe of the depth and breadth by which we are able to create real business impact for such a variety of leaders in the financial services industry. In our new eBook you’ll read of 15 different stories of transformation, innovation, automation, modernization and simplification. By balancing digital transformation with reliability, security features, and compliance — Red Hat has become a trusted adviser to leading financial institutions.
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It’s been the stuff of science fiction and our imagination for years, but artificial intelligence (AI) is finally getting its due. Already used to express and understand human speech, drive autonomous cars, and interpret highly complex data, AI has the potential to revolutionize all aspects of our lives. But that’s only half the story. While there has been considerable attention paid to the algorithms and analytics that will comprise these applications, the question remains – what ecosphere will support this new form of life?
Continue reading “The AI Ocean: How AI applications will travel and thrive in mobile networks”