Sun Launches Open Media Commons

Sun Microsystems unveiled the Open Media Commons initiative, an open-source community project developing a royalty-free digital rights management standard. Sun promised to immediately share the entirety of its internal Sun Labs program Project DReaM (DRM/everywhere available) with the Open Media Commons community under the OSI-approved Common Development and Distribution License (CDDL). Sun Labs Project DReaM consists of:

DRM-OPERA: An interoperable DRM architecture implementing standardized interfaces and processes for the interoperability of DRM systems. The DRM-OPERA architecture is independent of specific hardware and operating systems, and is not restricted to specific media formats. It enables user-based license provision as opposed to today's situation where licenses are assigned to devices.

Java Stream Assembly: Launch pad for Video Delivery Servers using the Java Stream Assembly (JSR-158) API which reduces the complexity in building and managing video streams to be delivered over access networks. Multiple vendor components can be plugged in using the Java Stream Assembly API for delivering broadcast, on-demand, and interactive TV streams.

Sun Streaming Server (SSS): Designed to serve standards compliant media (audio/video) streams over IP using open-standard protocols such as RTP and RTSP. SSS is compliant with 3GPP and ISMA specifications. While the server is agnostic to the format of the media, the streams served by SSS are generally encoded using the MPEG-4 codecs. SSS supports MPEG-4 and QuickTime out of the box.

Global Digital Business and IT Consulting Outlook

Across the globe, CEOs and their leadership teams continue to seek information and guidance about planned Digital Transformation initiatives and the most effective enterprise organization change management practices. Worldwide IT and Business Services revenue will grow from $1.13 trillion in 2022 to $1.2 trillion in 2023 -- that's a 5.7 percent year-over-year growth, according to the latest market study by International Data Corporation (IDC). The mid-term to long-term outlook for the market has also increased -- the five-year CAGR is forecast at 5.2 percent, compared to the previous 4.9 percent. Digital Sevices & Consulting Market Development IDC has raised the growth projection despite a weak economic outlook, because of vendor performances across 2022, growth indicators from adjacent markets, increased government funding, and inflation impacts. The actual 2022 market growth was 6.7 percent (in constant currency), which was 87 basis points higher than forecast last year, alth

Open Banking Usage to Grow by 470 Percent

The Open Banking business model has been advantageous for Third-Party Providers (TPPs), helping them to extend their offerings into other areas of financial services with new capabilities. Open Banking is also advantageous for traditional banking institutions, despite the perceived loss of custodianship over their data, by providing greater accessibility to more bank services. Furthermore, Open Banking can help serve Mobile Internet providers that are able to leverage it to create tailored services according to customers’ preferences and/or economic limitations. Open Banking Market Development Since traditional banking services are made more convenient by TPPs via greater data access, customers can proactively manage their finances and shape the development of new financial offerings. This is particularly noticeable in the realm of Digital Payments, where retail merchants and customers transact through eCommerce, which has the greatest number of use cases for Open Banking. These includ

Why Instant Issuance Payment Cards Evolved

The global financial services sector continues to grow as more progressive organizations seek to gain a meaningful competitive advantage from their digital transformation initiatives. Across the globe, many regions are seeing a significant rise in 'instant issuance' activity from a physical and digital perspective, from both traditional and emerging innovative banking institutions. Digital Payments Market Development Customers increasingly demand instant access to banking services, with physical instant issuance enabling them to leave their branch equipped with a ready-to-go payment card. According to the latest worldwide market study by ABI Research, the market for instantly issued physical payment cards will increase from 243.2 million shipments in 2022 to a forecast of 471.1 million in 2027. "Critically, instant issuance of payment cards is no longer limited to the physical," said Sam Gazeley, industry analyst at ABI Research . Indeed, the growing digitization of p

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