Open-Source Software

Volker Liermann ()
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Volker Liermann: ifb SE

A chapter in The Digital Journey of Banking and Insurance, Volume II, 2021, pp 313-324 from Springer

Abstract: Abstract The large technology companies (GAFAM [GAFAM {Google, Amazon, Facebook, Apple and Microsoft} and BATX {Baidu, Alibaba, Tencent and Xiaomi}]) have propelled technology forward in the last decade. Through the core business models of GAFA (advertising for Google & Facebook), these companies have enormous innovation and development budgets at their disposal. The “deep pockets” of GAFA will continue to exist. The technologies developed will be made available to the general public via open source (e.g. Hadoop, Kafka, Tensorflow but also Android). The authors assume that this trend will continue. This article projects the further development of open source and its impact on the operating models of banks and insurance companies.

Keywords: Open source; FOSS (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-78829-2_18

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DOI: 10.1007/978-3-030-78829-2_18

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