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Community Blog

Open Source Readiness - Weekly Update - 7 February 2023

February 07, 2023

This year at FINOS we are focusing on one of FINOS' key existing projects: Open Source Readiness. This is FINOS' term for helping the finance industry "do open source properly". 

Bringing it All Together: Building a common framework for Open Source Readiness

As we’ve highlighted in previous blog posts, FINOS has begun to turn the volume up on synthesizing a Body of Knowledge and Maturity Model for organizations to leverage for adopting and contributing to open source. This follows similar methods in other industries to define key knowledge and activities and even support certification. For example, the CFA Institute and Project Management Institute maintain Bodies of Knowledge represents the core knowledge, skills, and abilities generally accepted and applied by professionals globally in their technical areas. 

As the team has begun our efforts together, it’s been exciting to see how much work already exists in other collaborative efforts. Here within the Linux Foundation, we have our FINOS’ Open Source Readiness project, and the TODO group, which are joined by the OSPO Alliance, OSPO++, and a multitude of organizations with their own open source programs. As was noted last year, there has been an ongoing evolution in the open source programs in various industries, so the time seems right to harmonize these ideas to help define and benchmark open source efforts. 

All of these efforts are beginning to drive how we formalize workforce training for open source. In addition to the Linux Foundation Training, there is an effort to develop career ladders for open source. This supports the transforming of open source contributions into a professional career path. 

Ultimately, we will be able to closely tie organizational support to open source to business value, especially how open source can be a competitive advantage in your organization for advancement of your engineering efforts and shared infrastructure elements. The enthusiasm and support of FINOS members in advancing open source readiness shows there are a lot of exciting possibilities to be recognized! 


Interested in this FINOS open source project, or any of our other projects? Click the link below to see how to get involved in the FINOS Community.

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