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.
To an ever-increasing extent, open innovation is digital. Most innovations today are new products, processes or business models at least partly enabled by digital technologies or embodied in data and software.
Fintech solutions that incorporate distributed ledger technology continue to gain momentum. Worldwide spending on blockchain solutions is forecast to reach $2.9 billion in 2019 — that’s an increase of 88.7 percent from the $1.5 billion spent in 2018, according to the latest study by IDC.
“The digital revolution has profoundly changed the way IT contributes to the value creation of many businesses. Companies and governments across the world are now moving towards innovative, IT-driven systems, only to discover that those systems rely more than ever on an agile and scalable IT infrastructure.”