BBVA API Market
Open source technology has moved to pole position in the corporate world, with more and more companies using it to streamline their processes and stay up to date. Against that backdrop, OpenExpo has presented a study of open source trends for 2017.
The study was compiled with the participation of over 30 professionals in the sector, and singles out four key trends for 2017: the digital transformation of companies, open data, the Internet of Things, and security in companies.
In regard to the first, Francisco Javier Ramón Salguero, head of Network Visualization Strategy and Technology, Global CTO Unit (GCTO) at Telefónica, says: “Open source is the vehicle for reaching more customers, companies and users”, and he adds: “It has become a way of agglutinating certain rules and building that layer of added value for each solution launched on the market”.
On the subject of open data, Javier Pardo, head of IT Innovation at Gas Natural Fenosa, says there is no doubt that “it generates wealth, improves reputation and decision-making, and fosters transparency”. This is why there needs to be a cultural shift in companies to demand the opening up of data.
This change in mindset and culture represented by the introduction of open source is one of the main premises highlighted by the study, and an opinion shared by all the experts. Free software implies a new work model where you can develop your own strategy from the efforts of other teams.
According to Iván Hernández, Software Development Manager at the Lastminute.com Group, “there is fair competition” thanks to open source, because we all have “the same data, we can apply what we want and give our customers the best product”.
Open source culture requires reciprocity and that’s where a large part of this change in mindset comes in. In the words of Javier Pardo: “It’s important for companies that use open code to realize that when we use it, we have to give something back to the community”.
Most of the professionals in the sector that took part in the study believe that part of this cultural shift must also be reflected in the profiles of the companies’ senior management.
Among them, Alberto Morgante, Cloud Computing and Innovation Engineer at BBVA, who says: “In Spain we need an open engineering-type culture”, which means “giving greater prominence in the company to technical profiles”. He believes this “is something that’s already happening in the US, and it’s “only a matter of time before it happens here”.
Open banking has changed the financial paradigm as we have known it so far. The widespread use of new digital platforms, connected devices and technology consumers has led to a boom in business opportunities for every company, many of which are already leveraging their benefits as much as possible.
The digital transformation has not been fully implemented in the automotive sector yet, at least not as quickly as in other distribution sectors. APIs can be this sector's best ally by speeding up its digitization, especially in those areas involving the purchasing process.
In just one year, the second European Payment Services Directive—or PSD2 as it is better known—has created a new scenario combining innovation and security, in which banks have been progressively opening up access to their infrastructure to third parties.