Bad economy good for open source
The fear mongering is in full force. The news is full of bank failures, an ongoing housing crisis, and gas prices that won’t go down. Sounds gloomy, eh?
But it isn’t all bad. Open source is poised for a boom. According to OStatic.com, more and more businesses are switching to open source to cut costs and increase value:
“The adoption of OSS continues to increase among banks and investment services firms. Among the investment services firms surveyed, approximately 84 percent expect to be using open source software by the end of 2008. Adoption is most notable in this category because they are impacted by escalating transaction volumes and data processing requirements as well as cost pressures.”
Once again, economic pressures and recessionary environments force businesses to trim fat and get more efficient. This proves the value and long-term benefits of running an open infrastructure. The thinning years prove the meddle of any technology, and it’s great to see confidence in the open source model in times that test any business model.
Tags: economy, Open Source, recession
This entry was posted on Sunday, July 27th, 2008 at 1:00 am and is filed under General Business, Open Source. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
4 Responses to “Bad economy good for open source”
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August 5th, 2008 at 8:57 am
Very interesting article. In my world of high-tech sales, we’re seeing a major slowdown from banks and financial institutions as they are feeling the pain of the credit crunch more than anyone. Right now, anything that costs more than a few dollars is being put on the back burner unless a short-term ROI can be demonstrated. Open Source certainly provides a viable alternative in these cases, as long as there is a trusted partner to back the solution.
September 7th, 2008 at 10:57 pm
What a n00b! » Blog Archive » Microsoft Threatened by Open Source? says:[...] on its way out and SaaS is coming which seems to favor open source, especially when combined with a bad economy. Microsoft is entering the game, but has entered slightly [...]
October 28th, 2008 at 8:46 pm
This is great info to know.
November 6th, 2008 at 10:24 pm
Novell, Userful, Omni: Bringing Linux to Schools | What a n00b! says:[...] has announced that over 50 institutions in 29 states and 10 countries have participated thus far. During tough economic times, open source alternatives to more expensive proprietary software. Linux has been gaining popularity in the non-profit and [...]