A creative Open Innovation strategy promotes a mindset for collaboration that is counter to the ‘closed silo’ approach of most legacy organizations. That said, the benefits of increased openness are apparent. Open technology ecosystems have driven ongoing cooperation in the Global Networked Economy.
Open IT solutions are gaining momentum. Most savvy CIOs and CTOs already have plans to increase their applications for open-source software projects. While that software is an established component of on-premises enterprise data centers, the untapped opportunity is open IT hardware infrastructure.
“Next-generation workloads can require specialized hardware capabilities, but enterprises embracing the cloud often overlook such considerations completely. For some, that can mean reduced performance and value.”
IT Infrastructure is hardware, software, networks, data centers, facilities and related equipment used to develop, test, operate, monitor, and manage services. Open Infrastructure is built from open-source technologies, available for all users to work with, to improve and contribute back.
Today, through the use of the internet, open technology means enabling customers to have the flexibility, knowledge and confidence to make future-proof technology investments, as well as the ability to extend and enhance software to meet their needs.
Welcome to the ‘connected economy’ (CE) — a new business reality in which value is created through technology-enabled links among people, open digital systems and business partner networks. Across industries, huge opportunities are available for savvy organizations to become connected economy leaders.
IT and business leaders must acknowledge that they’ve likely reached a significant turning point. Business technology advances are disrupting the legacy status quo and bringing huge market turmoil in their wake. Industries are converging, and unfamiliar competitors are surfacing.
Source: Business Technology Roundtable
Americans spend $20 billion a year to lease pay-TV boxes, or an average of $231 annually, the FCC says. Set-top box rental fees have jumped 185 percent since 1994, while the cost of TVs, computers and mobile phones have dropped by 90 percent.
The traditional carrier networking equipment sector has been awaiting a major transition, as telecom service providers sought a way to free themselves from the constraints of proprietary platforms. Open source software-defined networking (SDN) and network functions virtualization (NFV) hold the key to progress.
Source: Digital Lifescapes