Red Hat helps financial institutions avoid the hidden costs of unsupported community software
For financial services institutions to succeed at digital transformation, they need the ability to build applications using emerging technologies, which are increasingly influenced by open source software. However, when using unsupported open source software, organizations can be surprised by hidden costs.
IDC interviewed 8 organizations using Red Hat® JBoss® Middleware solutions and asked them to compare their experience to comparable alternative, unsupported software. Its whitepaper, “Red Hat JBoss Middleware Software and the Hidden Costs of Unsupported Software,” explores the benefits of using Red Hat-supported software. By using Red Hat JBoss solutions, IDC found that organizations could achieve value that significantly outweighed their investment costs, such as:
- $7.15 million average benefit per organization per year.
- 33% more new applications developed per year.
- 27% faster development life cycle.
Download the IDC whitepaper to see what Red Hat JBoss solutions can do for your financial institution.