New York, USA and Bangalore, India - July 27, 2015:
76% of respondents see open source powering cloud computing efforts in three years
Open source software has become a critical driver for innovation at leading companies and public-sector organizations around the world, according to a new research report produced by Oxford Economics in partnership with Wipro Limited (NYSE:WIT), a leading global information technology, consulting, and business process services company. The report, The Open Source Era, also shows that open source software is essential to the use of other cutting-edge technologies and that open source methodologies have spread far beyond software development.
Over 75% of respondents said that open source software will power their company's cloud computing efforts in three years, and more than 60% of respondents believe that open source will power their big data initiatives in three years. Open source solutions are already firmly entrenched in a variety of business functions, and open source is a growing factor in supporting other technology initiatives-a majority of companies noted that open source software supports their mobile frameworks and a substantial number reported that it powers their middleware and content-management systems.
“Open source is mainstream today; it is robust, scalable and is being used by organizations to create competitive advantage. With a model of sharing as opposed to owning, open source has enabled better developer collaboration, faster time-to-market and lower TCO across geographies.” says Bhanumurthy BM, President and Chief Executive, Business Application Services, Wipro Ltd.
The report is based on a survey of 100 business and technology executives in North America, Europe, and Asia/Pacific across the financial services, retail, and healthcare industries and government entities, as well as interviews with executives at enterprises using open source. Respondents across this wide spectrum of activity and geography are in broad agreement about the power and potential of open source software.
“The message from the data is clear-open source is enabling measurable success for business and public-sector users around the world,” says Edward Cone, Technology Practice Lead at Oxford Economics. “It is a key to innovation, a building block for other technologies, and an increasingly important way of organizing other types of work.” In a trend with far-reaching implications, open source methodologies are driving innovation beyond software development. One-fifth of executives surveyed said that they use open source methods widely across the business. Open source's collaborative, iterative process has led to more co-creation with customers and new lines of business.
For a copy of the briefing paper or for more detail, please contact James Mills at jamesmills@oxfordeconomics.com
About Wipro Ltd
Wipro Ltd. (NYSE:WIT) is a leading Information Technology, Consulting and Business Process Services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of "Business through Technology," helping clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, a practitioner's approach to delivering innovation, and an organization wide commitment to sustainability, Wipro has a workforce of over 150,000, serving clients in 175+ cities across 6 continents. For more information, please visit www.wipro.com
About Oxford Economics
Oxford Economics is a global leader in thought leadership, forecasting, and quantitative analysis, serving more than 850 international corporations, financial institutions, governmental organizations, and universities worldwide. Founded in 1981 as a joint venture with Oxford University, Oxford Economics is now a leading independent economic consultancy. Headquartered in Oxford, with offices around the world, it employs more than 200 people, including 120 economists and a network of 500 contributing researchers. Learn more at oxfordeconomics.com
Media contact:
Prathibha Das
+91 80 39918073
prathibha.das@wipro.com
Forward-looking and Cautionary Statements
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property, and general economic conditions affecting our business and industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
