Red Hat, Inc. the world’s leading provider of open source solutions, has shared that more enterprises in the Asia Pacific are keen to embrace open innovation to accelerate business outcomes. This is indicated by the number of enterprises in Australia, Hong Kong, India, Indonesia, Japan and Singapore participating in Red Hat Open Innovation Labs residency programs in the region.
Launched in 2017 in APAC, Red Hat Open Innovation Labs is designed to provide a collaborative, residency-styled, immersive environment that promotes rapid innovation and development. Some of the enterprises that are participating in this program include:
- Heritage Bank (Australia)
- The University of Adelaide (Australia)
- National Stock Exchange of India (NSE) (India)
- Fukuoka Financial Group (Japan)
- ST Engineering (Singapore)
Today’s fast-moving business environment requires organizations to continually innovate to keep pace with the changing business landscape or risk falling behind. Red Hat Open Innovation Labs help enterprises achieve that by allowing them to work closely with Red Hat experts to solve their business challenges in an accelerated fashion using open source technologies. Lasting between one to three months, the residency can be conducted at Red Hat’s physical labs or in a pop-up lab or at the customer’s location.
During the residency, customers gain the first-hand experience on how to apply agile development methodologies and DevOps practices to solve legacy problems or address new challenges such as developing cloud-native applications.
The National Stock Exchange of India, for example, not only modernized its e-IPO application during its residency but also adopted a DevOps strategy that helped it to bring new services to market faster. Fukuoka Financial Group leveraged a Red Hat Innovation Labs engagement to sharpen its competitive edge by equipping its staff with the skills needed to bring development capabilities in-house and accelerate innovation.
Customers also get to witness how open principles and open culture help accelerate innovation through Red Hat Open Innovation Labs. In the case of the Heritage Bank, teams learned how to use open source principles to integrate cross-functional teams, technology and processes during its residency. By doing so, the bank can now respond to evolving business demands quickly and deliver better customer experiences.