Open Source Challenges in Banking sector and Future Outlook: Fostering Adoption Through Global Insights and Sustainable initiatives and strategies Harish Pillay Ethical Technology Thought Leader [email protected], @[email protected] https://speakerdeck.com/harishpillay/talk-on-open-source 

2 Our goals today ▸ Discuss common adoption challenges organizational leaders face ▸ Identify the technical, business, and organizational benefits of adopting an open source approach to meeting those challenges 

Transformation and Adoption challenges The competitive landscape is shifting—in every industry. Let's explore what that means for your enterprise. 

About Me 4 ● Over thirty years in the tech industry - almost exclusively with free and open source tech deployments into banking, healthcare, transportation etc. ● Early user of ARPAnet - mid 1980s. ● Free and Open Source Software Contributor/User/Advocate/Educator. ● Inducted into the Council of Outstanding Early Career Engineers, College of Engineering, Oregon State University. ● Fellow of the Institution of Engineers, Singapore & the Singapore Computer Society ● Ambassador, Software Heritage. ● Head of Singapore Delegation to the ISO/IEC JTC1. ● Deployed to Banda Aceh, Indonesia, as Dy Commander of Ops Lion Heart of the Singapore Civil Defence Force in response to the Indian Ocean Tsunami 2004. 

5 Lee Congdon Senior Vice President and Chief Information Officer, Ellucian Source: Lee Congdon, "Digital Transformation is a Survival Issue" (The Enterprisers Project) From legal to manufacturing, supply chain and procurement—digital technology is rapidly changing and could be greatly improving all areas of your enterprise. Digital trends are too vital to ignore. In fact, ignoring the trends will lead your enterprise to irrelevance. IT must now go a step further and provide a similar level of coaching, facilitation, and services to all areas of the enterprise. https://enterprisersproject.com/article/2020/4/remote-teams-how-make-better-decisions 

6 People Practices Platforms Successful transformation + + 

7 Address these challenges https://www.theopensourceway.org/ 

What is open source? 8 

What is open source? Why do I care? 9 

Open Source is … ● An open invitation to collaborate with anyone as peers ● A licensing decision ● A software development methodology ● A well defined path to community powered innovation ● It's how software & hardware are being built now and into the future 10 

What’s in it for ME? 11 

12 Anyone can see the source code and understand how the software works. View Enhancements, modifications, and solutions can come from anywhere—even outside the organization. Modify Uniting contributors around a common vision, shared purpose, and collaborative spirit leads to new developments faster. Share Anyone can execute the software for any purpose. Use - Four Freedoms of Free Software 

FOUR FREEDOMS https://fsf.org Freedom 0: Free to use •Anyone can use it, however they like. Freedom 1: Free to copy •Anyone can get a copy for the cost of media. Freedom 2: Free to modify •If I don’t like how it works, I can change it. Freedom 3: Free to distribute •I can share my changes. 13 

Established 4 October 1985 14 

“Open Source”1 was coined to describe Free Software in 1998 by Christine Peterson2 1 https://opensource.org/history 2 https://en.wikipedia.org/wiki/Christine_Peterson 15 

OK, so what’s in it for ME and my business? 16 

Enterprises are adopting open source solutions—more every day, in fact. Why open source in the enterprise? 

18 Community version (upstream) Enterprise version (downstream) Emphasis on experimentation Emphasis on stability and security New features and updates added rapidly New features and updates carefully managed according to predictable cadence Assistance dependent on community volunteers Supported according to Service Level Agreement (SLA) Limited (or non-existent) documentation Detailed, thorough documentation and training available From project to product 

The fine balance between an open source product vs open source project 19 https://www.youtube.com/watch?v=TzbIsa3-8VE 

20 The Value of Open Source A working paper from Harvard Business School and University of Toronto, 1 January 2024 https://tinyurl.com/5bhukhxh We estimate the supply-side value of widely-used OSS is US$4.15 billion, but that the demand-side value is much larger at US$8.8 trillion. 

21 The State of Enterprise Open Source A Red Hat report, conducted by Illuminas Full report: red.ht/enterprise Source: The State of Enterprise Open Source: A Red Hat Report, 2022 Surveying 1,296 IT leaders globally https://www.redhat.com/en/enterprise-open-source-report/2022 

22 Full report: red.ht/enterprise Source: The State of Enterprise Open Source: A Red Hat Report, 2022 of IT leaders expect to increase their use of enterprise open source software for emerging technologies. 

23 Full report: red.ht/enterprise Source: The State of Enterprise Open Source: A Red Hat Report, 2022 What are the top uses of enterprise open source? 

24 What are the advantages of enterprise open source? Full report: red.ht/enterprise Source: The State of Enterprise Open Source: A Red Hat Report, 2022 Provides flexibility to customize solutions to meet company’s needs Ensures my organization has access to the latest innovations Has been instrumental in my organization’s ability to take advantage of hybrid cloud architectures Simplifies the process of adopting a hybrid cloud infrastructure Is a key part of my organization's security strategy 

25 Questions to consider ▸ How much open source software is your organization consuming? ▸ How does your organization audit and manage its consumption of open source software? 

26 Full report: red.ht/enterprise Source: The State of Enterprise Open Source: A Red Hat Report, 2022 of IT leaders are more likely to select a vendor who contributes to the open source community. 

From users to contributors Using open source software is great. Helping improve it is even better. 

28 You're not just selecting a software stack. You're choosing a rapid innovation model. 

29 Some benefits of participating in open source Achieve freedom from vendor lock-in Interact directly with users Increase the organization's impact Influence direction of technological development Become aware of changes to project roadmaps Tap diversity of perspectives on development Scale innovation and development effort in a community Provide a framework for collaboration Keep pace with competitors Increase software security and reliability Attract and retain better talent Increase code quality Adopt open industry standards Enhance business agility and time to market Create better software faster 

30 Some challenges of participating in open source Coordinating remote participants Excessive institutional bureaucracy Perception of security vulnerabilities and risks Lack of shared institutional vision Organizational culture of ownership and control Siloed internal teams Reluctance to share Lack of community participation Intellectual property (IP) questions or restrictions Required understanding of open source best practices Legacy reputation and brand Technical debt Deficit of resources for community support and maintenance Procurement and supplier management issues Buy-in from senior leadership 

Open source, open organization Spark cultural change inside your enterprise—the open source way. 

What if "open source" was more than a way to make software? 32 

33 

34 The Open Organization Imagine the impact of applying that kind of power within your own business, where talent from a diverse range of organizations and backgrounds—external volunteers from the crowd as well as your own employees and in-house teams—all come together to work toward something your customers can benefit from. Jim Whitehurst Former President and CEO, Red Hat Source: Jim Whitehurst, The Open Organization: Igniting Passion and Performance 

35 open techniques Scrum DevOps Agile Kanban 

36 open organizations transparency inclusivity community collaboration adaptability Source: The Open Organization Definition 

37 Open tools work best in the hands of open people. 

38 The Open Organization Guide to IT Culture Change Download theopenorganization.org/books Source: The Open Organization project 

39 The Open Practice Library Visit openpracticelibrary.com Source: The Open Practice Library 

40 The Geek Way - The Radical Mindset Transforming The Future of Business Source: The Open Organization project 

Before I wrap up 41 

What about AI? 42 

What about AI? ● Open Source Initiative is working on a definition of “Open Source AI”. ● Open source IS the best and ONLY way to ensure that we can collectively manage safety and security. ● AI Verify Foundation creates open source tools to test AI solutions for fairness, biases etc. 43 

To Wrap Up ▸ An open source approach to transformation is the most effective approach. Open people, practices, and platforms interlock to alter organizational culture in powerful ways,. ▸ Enterprises increasingly turn to open source technologies for business-critical work involved in digital transformation. ▸ Participating in open source ecosystems—not simply using open source software—offers significant business benefits. ▸ Embracing open operating principles alongside open source tools can spur cultural change beneficial to transformation. 44 

OPEN HARDWARE 45 ARM RISC-V 

Let’s continue the conversation … Harish Pillay [email protected], @[email protected]