|Cloud, Digital, SaaS, Enterprise 2.0, Enterprise Software, CIO, Social Media, Mobility, Trends, Markets, Thoughts, Technologies, Outsourcing|
Linkedin Facebook Twitter Google Profile
Tuesday, July 26, 2005
(Via Cworld) Open-source zealots may continue to play a part in instigating the spread of Linux across the European continent, - but private corporations and public-sector users in Europe typically cite pragmatic reasons for taking up the open-source operating system. They point to price and performance benefits. They want freedom to swap out hardware. They find the operating system reliable. They like its flexibility. Perhaps no single industry has tested Linux's enterprise mettle more than the financial services sector. Companies were facing mounting pressure to cut costs at the turn of the millennium. The Internet bubble was about to burst. Prices were fluctuating wildly. Order volume and data traffic were spiking in the wake of the electronic trading boom. Revenue was not. The number of stocks being traded was the same, and the rising cost of processing orders was becoming a big problem. When the market slump hit in 2001, that only exacerbated the trouble. Financial institutions had to think out of the box - fast -and Linux became an obvious alternative to consider. Several of the largest firms started to dump their proprietary Unix systems and shift to cheaper x86 hardware running Linux.
Category :Linux |
|Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld