For a rosy scenario, look to McKinsey & Co. In July, the consulting firm published a report estimating machines are ready to assume roughly a third of the work now performed by banks' rank and file. The authors framed it as positive: People will have more time to tend to clients, conduct research or brainstorm ideas. So far, it noted, firms at the forefront aren't slashing jobs. At JPMorgan Chase & Co., one of the most tech-savvy banks, Chief Executive Officer Jamie Dimon predicted in June that his workforce will more likely grow than shrink over the next 20 years. Technology may displace workers, he's said, but it also creates opportunities. Yet in interviews, about a dozen Wall Street executives and consultants responsible for deploying technologies -- and steeped in their capabilities -- were more bearish on humans. Machines will take over task after task, they said, and banks simply won't need nearly as many people.
The assessment is at odds with a wide-ranging review of the city's IT systems by Accenture last year, which found that most of the problems stem not from the use of open-source software, but from inefficiencies in how Munich co-ordinates the efforts of IT teams scattered throughout different departments. Dr. Florian Roth, leader of the Green Party at Munich City Council, said the review had also not recommended a wholesale shift to Windows. "The Accenture report suggested to run both systems because the complete 'rollback' to Windows and MS Office would mean a waste of experience, technology, work and money," he said... The city's administration is investigating how long it would take and how much it would cost to build a Windows 10 client for use by the city's employees. Once this work is complete, the council will vote again in November on whether this Windows client should replace LiMux across the authority from 2021.
A taxpayer's federation post urged "Penguin, adieu!" -- while also admitting that returning to Windows "will devour further tax money in the millions," according to TechRepublic.
"The federation's post also makes no mention of the licensing and other savings achieved by switching to LiMux, estimated to stand at about €10m."
For a time, unless one had a hoard of cash stored up in ones home, it was impossible to get cash at all. 85 percent of Puerto Rico is still without power... Bloomberg continues: "When some generator-powered ATMs finally opened, lines stretched hours long, with people camping out in beach chairs and holding umbrellas against the sun." In an earlier article from September 25, Bloomberg noted how, without cash, necessities were simply unavailable:
"Cash only," said Abraham Lebron, the store manager standing guard at Supermax, a supermarket in San Juan's Plaza de las Armas. He was in a well-policed area, but admitted feeling like a sitting duck with so many bills on hand. "The system is down, so we can't process the cards. It's tough, but one finds a way to make it work."
While the authors of the software are earning six-figure incomes, ransom payments totalled $1 billion in 2016, according to FBI estimates -- up from just $24 million in 2015. Carbon Black, which was founded by former U.S. government "offensive security hackers," argues that ransomware's growth has been aided by "the emergence of Bitcoin for ransom payment, and the anonymity network, Tor, to mask illicit activities.. Bitcoin allows money to be transferred in a way that makes it nearly impossible for law enforcement to 'follow the money.'"
One less obvious advantage to open source adoption is in career satisfaction and advancement. It gives developers opportunities to work on more interesting applications, said Wynd. Developers can now take on projects or switch jobs more easily across Federal Reserve banks because the New York Fed uses a lot of common open source components and a standard tool set, meaning retraining is minimal if needed at all."
Providing training in-house also creates a more consistent use of best practices. "Our biggest headache is to prove to groups that an application is secure, because we have to defend against nation state attacks."
"220 sites may not seem like a lot," the researchers wrote in a blogpost detailing their discovery. "But CoinHive was launched less than one month ago on September 14. The growth has been extremely rapid: from nearly zero to .22 percent of Alexa's top 100,000 websites. "This analysis well illustrates the whole web, so it's safe to say that one of every forty websites currently mines cryptocurrency (namely Monero) in the browsers their users employ."