Business landscapes around the world are constantly evolving, with every organisation clambering to innovate so that they can better react to the changing conditions in which they exist and uncover new opportunities to help them to drive their growth and profits. But in a world where true innovation is scarce and many companies resort to rehashing the same ideas, how do you foster an environment that cultivates ideation? Why open-source? Open-source software has seen its fair share of innovative languages, tools, frameworks and products in recent years. Some notable examples include , , , and - not to mention numerous machine learning frameworks like . Docker Kubernetes Gatsby React Elasticsearch Tensorflow The most interesting element of this growth is the fact that a number of these open-source products and tools are generating revenue like regular software development companies that do not openly publish their source code, often through hybrid licensing or hosting. The industry as a whole is already estimated to be worth over $20bn and is expected to continue growing to reach around . $33bn by 2022 In 2014, Digital Ocean unveiled its first open-source hackathon, . The requirements have changed over the years but the core message has stayed the same: several contributions to public code repositories that positively impact the projects earn you a limited edition t-shirt and some stickers. Hacktoberfest Fast forward to 2020 and Hacktoberfest grew to become a juggernaut that drives the open-source community to new heights year after year. Key metrics for the event have soared, from to a whopping - an impressive growth of over 8,000 percent! But why has this explosive growth happened, and how does it affect businesses? 768 participants in their first year 61,871 completing the challenge in 2019 Why has this explosive growth happened? Both open-source software and hackathons encourage collaboration between a number of skilled individuals, often rallying them around a single goal. This leads to a positive environment for a number of like-minded people to bounce ideas for new features (or even whole new products) off each other. In the case of hackathons, people are also motivated by the prospect of a reward or prize. Hacktoberfest’s offering of merchandise in return for contributions is part marketing campaign and part motivator, encouraging participation and contributions to both the event and the wider open-source community. This amalgamation motivates by fulfilling a number of elements from , fostering a sense of esteem and belonging amongst contributors, as well as also providing them with clothing and shared knowledge in return. Maslow’s Hierarchy of Needs How does it affect businesses? Over the years, a variety of well-known companies have contributed to, sponsored and supported Hacktoberfest, with notable examples ranging from to to . A handful of these, including Indeed and (which has recently been acquired by Twilio), have published papers and talks discussing their takeaways and the associated statistics from their participation in Hacktoberfest. Indeed Twilio Auth0 SendGrid Companies participating in Hacktoberfest have seen the participation in their projects increase in recent years, helping to accelerate their product development. in participation between 2018 and 2019, with the total number of pull requests in 2019 coming in at 436. Umbraco recorded a growth of 40% Most recently, Indeed talked about the statistics from their internal Hacktoberfest events at DevRelCon Earth 2020. Between 2018 and 2019, they recorded an increase of 1,322 contributions and 170 pull requests. saw the number of pull requests increase from 43 in 2016 to 1,249 in 2017, with over 1,000 of those being changes to source code. These pull requests equated to 1,385 story points of effort (around 3.4 years of work!). SendGrid Innovation is vital in a highly competitive world, with each organisation scrambling to stay one step ahead of their competitors. Companies that participate in open-source hackathons and Hacktoberfest create a culture of innovation and are seeing dividends in the form of increased development velocity. Failing to iterate and innovate means that a business’ products or services can start to stagnate, which can be catastrophic in fast-changing markets. Cultivating and encouraging horizon scanning, ideation and iteration are fundamental to survival in the modern world of business. Also published on: https://www.amplyfi.com/2020/10/01/how-hacktoberfest-and-open-source-software-are-driving-innovation

Velocity

2021 - HackerNoon Contributor of the Year - INFLUENCER-MARKETING

Too Long; Didn't Read

In your car, at home, or at work — Bosch technology shapes many areas of life.

How Hackathons and Open-Source Software Can Help Drive Innovation

Too Long; Didn't Read

Company Mentioned

Kyle Jones

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

How Hackathons and Open-Source Software Can Help Drive Innovation

Too Long; Didn't Read

Company Mentioned

Kyle Jones

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

RELATED STORIES