From the ability to detect sepsis susceptibility in critical care patients to FinanceAI applications handling fraud and anomaly detection, open source has accelerated innovation at speeds unfathomable 15 years ago. The radical shifts in how goods and services are brought to market would have been impossible to make and scale without the collaboration and co-creation taking place in Open Source software communities worldwide - what Red Hat terms “open innovation.”
In this talk, Leslie Hawthorn and Joe Giordano will explore the “what’s in it for me” for FSI and FinTech firms who are considering active participation in open source software projects. Amongst other topics, they will cover:
- Concrete steps that FSI firms can take to foster an open innovation culture
- Benefits of co-creating open source software over a consumption-only model
- Delivering business value at high velocity while simultaneously reducing risk and cost
The audience will leave this talk with a deeper understanding of open source communities, types of participation in these communities - from minimal to deep engagement - and the benefits that FSI and FinTech organizations can expect from engaging upstream.
