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    1. Home
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    3. >Open Source: Where is it going?
    Technology

    Open Source: Where Is It Going?

    Published by Gbaf News

    Posted on August 2, 2019

    3 min read

    Last updated: January 21, 2026

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    An illustration representing the collaboration of major tech companies in the open source movement, highlighting its significance in the evolution of technology in finance. This image relates to the article discussing open source's impact on innovation and business agility.
    Open source technology collaboration among tech giants - Global Banking & Finance Review
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    By Stephan Fabel, Director of Product at Canonical – the publisher of Ubuntu

    The Cloud Native Computing Foundation –  home of open source projects like Kubernetes – became one member stronger, with the addition of Apple as a premium member in June this year. They join the ranks of other tech giants such as AWS,Google and Microsoft who are leaning on open source technology and working to give back to this community. With so many tech titans joining the open source movement, it clear that it’s now hit the mainstream, but the question is why?

    Stephan Fabel

    Stephan Fabel

    Where it began

    The idea behind open source is one already adopted by scientists, which recognises that if all researchers kept their methods secret, the rate of scientific discovery would be much slower. What’s more, the results would be visible, but the methods behind it would not – inhibiting other research in this area. In 1998, Netscape released its Navigator browser as a free software, demonstrating the benefits of taking an open approach to sharing the software’s source code. This first open source initiative has shaped the technology industry of today.

    The business benefits

    There are a number of advantages open source software offers IT teams including agility, speed of development and open access to innovation. Further still, is the ability for open source to simplify the transition between frameworks which, in turn, allows businesses to f use the best tools for the job. With numerous open source apps available, organisations are now able to pick and choose the best fit their business.

    As a result, open source is essential for the development of emerging technology now and in the future. The rise of each new innovation will be driven by software which builds upon a collaborative effort, not just from one company, but from a community passionate about improving the entire landscape. The solutions to the biggest challenges facing the world are not something to entrust to selected companies, but instead to the global community of developers to achieve the very best outcome.

    Community responsibility

    Cyber-attacks and data breaches are a growing threat, which makes maintaining water-tight security for IT projects an essential focus for any business. In open source projects, the developer community acts as an extra layer of security. For example, Kubernetes, has a strong and passionate community which is solely dedicated to its security.

    But how does this work?

    With closed-source software, it’s impossible to verify the authenticity and identify any vulnerabilities. Being so transparent, open source guarantees that any issues or errors are identifiable and more importantly, fixable. What’s more, the hive mind of the community means that bugs are quickly identified and fixed.

    Open future

    A survey from Black Duck Software found that open source software is the most popular it’s ever been, with more than 60 per cent of respondents already using open source software within their organisations. It is fast becoming essential for success as enterprises are realising the benefits open source can bring from a technological perspective, as well as delivering cost efficiency in comparison to proprietary alternatives. A growing number of organisations are integrating open source software into their IT operations or even building entire businesses around it.

    Emerging technologies like AI, Machine Learning, the Internet of Things and Cloud Computing have fostered the conditions for open source to flourish, while also enabling developers to shape the future of technology.

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