SiliconGrassland.com

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.