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How to manage risk with open-source software

Open-source software might be free to use, but that doesn’t mean it’s free of obligations. With threats becoming more complex, security must be a top priority.

As the adoption of open-source software continues to grow rapidly, software development teams must go to ever greater lengths to manage risk. Low-code development platforms (LCDPs) have further added to that risk surface by bringing development outside the IT department, potentially resulting in a rise of shadow IT.

Despite this, the use of open-source libraries can deliver tremendous benefits to businesses by delivering specific functionalities without developers having to build them from scratch. Open source is also a natural fit for low code, especially at a time when at least 82% of firms consider custom app development outside IT important for driving growth. Moreover, Gartner predicts that two thirds of all business apps will be created using low-code platforms by 2024.

These developments are among the defining characteristics of modern digital transformation strategies. This is also why open source accounts for as much as 90% of all code in today’s web and cloud apps, with the average software application relying on at least 500 open-source dependencies. As such, the sheer size and proliferation of open source has made it a key target for threat actors, with inevitable vulnerabilities leading to a significant increase in open-source risk. The grouping of open source and low code can, potentially, further expand that risk surface by letting it grow far beyond the auspices of the IT department.

Of course, that’s not to say businesses should scale back their adoption of open-source and low-code – not at all. Together, these innovations are vital for helping businesses adapt and scale rapidly in an era of constant change. But as is always the case with any innovation, new risks arise that need to be managed from the outset. Thus any digital transformation must be secure by design as such that security becomes a driver of innovation rather than a barrier. Here’s what that means for open-source low-code software development:

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How To Protect My Company Data?

As our current business landscape continues to evolve, the amount of data that businesses are expected to collect, track and analyze daily is increasing at an exponential rate. However, with increasing amounts of data, there is also a growing need to protect your company’s sensitive data. If your company’s data falls into the wrong hands, it could be potentially disastrous for employees, clients, and stakeholders.

Recent studies indicate that the average cost of a data breach to companies worldwide is approximately $3.86 million. Therefore it is imperative that your company leverages the power of secure software to protect sensitive data. Planet Crust’s low-code CRM solutions are 100% open-source, can be self-hosted behind any cloud or firewall, and enable businesses to take advantage of security automation. Read more

What Does “Apache 2.0 License” Mean?

A software license is defined as a legal agreement between an end-user and the owner of a particular software program that details the terms and agreements for the use and distribution of the software.

Furthermore, a software license usually outlines how many times a particular software can be downloaded, how much the use of the software costs, and the varying levels of source code access that end-users can take advantage of. The software license is an extremely important factor in ensuring that the legal and permissive rights of all involved parties of a software program are appropriately maintained.

The Apache 2.0 license is a particular type of open-source, permissive software license that ensures that end-users are granted a license to any patent that is covered by the software in question. An Apache 2.0 license ensures the security and availability of safe and powerful open-source software. Read more

What Are The Five Features That Make A City ‘Smart’?

A smart city is a particular regional or geographical location that utilizes digital and electronic technology and infrastructure to collect data, monitor city operations, share information in real-time, and much more. 

Smart cities have been proven to have many benefits, such as an increased focus on sustainability, better security systems, more efficient communication, and less crime. The global smart city industry is expected to reach a market value of $820.7 billion by 2025, with a CAGR of 14.8%.  Read more

What Is the Best Open-Source Case Management Tool?

Case management is defined as the tracking, recording, coordination, and analysis of various services on behalf of a case in multiple sectors such as healthcare, law, social work, rehabilitation, employment, insurance, and more. However, manually keeping track of all this data and information can be time-consuming and lead to disastrous errors. 

Therefore, many businesses leverage the power of case management tools and software to track and store information in one centralized digital location automatically.  The global case management software industry is expected to reach a market value of $7,587.54 million by 2025, with a Compound Annual Growth Rate (CAGR) of 12.2%. Read more

How Long Does It Take To Learn Low-Code?

The global low-code application development platform market is expected to generate $187 billion by 2030, with a Compound Annual Growth Rate of 31.1%.

Traditional application development usually involves a skilled software developer manually writing long, complicated lines of code. However, with the power of low-code development platforms, citizen developers can create their enterprise applications faster than ever before.

Low-code development can be learned easily while using visual builders such as drag-and-drop editors and on-screen visual guidance. Therefore, as low-code technology continues to evolve, many citizen developers can take advantage of the various advantages of low-code to expedite the length of the application development cycle.

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What Is The Organizational Structure Of A Hospital?

If the organizational structure of a hospital is not planned and coordinated, there can be disastrous and potentially life-threatening consequences. Therefore, hospitals need to have a clearly defined and precise organizational structure to ensure that no mistakes are made during the healthcare provision and administrative process.

Comprehensive and holistic organizational structures can help hospital employees understand their day-to-day responsibilities, facilitate decision-making, and revitalize employee performance and productivity.

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Does Low-Code Impact the Digital Environment?

As technology continues to evolve and is becoming increasingly integrated with a wide variety of business processes, low-code technology is becoming more and more important in shaping a business’s digital environment.

According to Gartner, low-code application development will be responsible for more than 65% of all application development activity by 2024. Low-code is defined as a visual approach to application development that enables citizen developers with little to no traditional coding knowledge to create powerful and high-functioning enterprise applications.

Low-code technology allows users to take advantage of on-screen step-by-step guidance and visual editors such as drag-and-drop builders.

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Is Open-source Ethical?

Open-source software is defined as any software application that is openly licensed and freely available by allowing users to modify the platform’s existing source code. Due to its collaborative and decentralized nature, open-source software platforms have completely revolutionized the application software development industry.

Open-source software offers a wide variety of potential benefits that businesses can take advantage of such as encouraging citizen development, fostering cross-departmental organizational collaboration opportunities, encouraging innovation, and much more.

69% of IT leaders stated that open-source software was essential to an organization’s overall enterprise digital infrastructure. Although open-source software is an extremely valuable tool for modern organizations to increase their efficiency and productivity, many believe open-source software solutions are unethical. However, most open-source software is completely secure and ethical.

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What Is Bank Risk Management?

62% of organizations have experienced a significant risk event within the past three years. Banks face a variety of risks daily related to credit, liquidity, market, and general operations. These risks can be potentially disastrous for banks as well as their stakeholders. Therefore, banks need to manage these potential risks before they result in major financial losses.

Bank Risk Management is defined as preventing and managing potential risks that can impact a bank’s finances and overall operations. Risk Management Systems can help banks collect and track important data related to potential risks. Also, they can analyze and evaluate these risks and perform corrective action against these risks.

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