EPAM Launches OSPulse™ to Help Companies Measure and Improve Open Source Engagement

Rhea-AI Summary

EPAM Systems, Inc. launches OSPulse™, an enterprise-level analytics dashboard for monitoring open source engagement. The dashboard offers customizable reporting to track open source contributions and impact, aiding organizations in making data-driven decisions.

Insights

Market Research Analyst

The introduction of EPAM Systems, Inc.'s OSPulse™ could represent a strategic move to strengthen their position in the digital transformation and product engineering sector. By providing a tool that helps organizations monitor and enhance their open source engagement, EPAM is tapping into the growing trend of open source software (OSS) adoption in enterprise environments. The ability to measure and optimize open source contributions could lead to more efficient development processes and cost savings, potentially increasing EPAM's attractiveness to companies investing in digital innovation.

Moreover, as organizations increasingly rely on OSS for critical infrastructure and application development, the demand for tools to manage and analyze open source activities is likely to rise. This could result in a new revenue stream for EPAM, provided OSPulse™ gains traction in the market. However, the impact on the company's financials would depend on the adoption rate and how this product is priced and marketed relative to competitors.

Financial Analyst

From a financial perspective, the launch of OSPulse™ may be seen as an investment in EPAM's product portfolio that could enhance long-term shareholder value. The tool's ability to provide enterprise-level analytics for open source engagement could be a differentiator that sets EPAM apart from competitors. If OSPulse™ becomes a widely adopted industry standard, it could positively affect EPAM's stock performance by contributing to top-line growth and improving profit margins through potential subscription-based revenues.

Investors should monitor the uptake of OSPulse™ closely, as its success could influence future earnings projections. However, it's also important to consider the costs associated with the development and ongoing support of the tool, as well as the competitive landscape of open source analytics tools, when evaluating its potential financial impact.

Technology Analyst

From a technological standpoint, the OSPulse™ dashboard represents an advancement in open source management tools, offering features such as customizable reporting and a holistic view of contributions. The effectiveness of such a tool hinges on its ability to integrate with various platforms and provide meaningful insights that can inform strategic decision-making. For technology-driven organizations, the capacity to quantify and optimize open source engagement can lead to better software quality, faster time-to-market and a more robust software ecosystem.

It's also worth noting that as open source becomes more prevalent, the risks associated with it, such as licensing compliance and security vulnerabilities, become more pronounced. Tools like OSPulse™ could help mitigate these risks by providing visibility into open source usage and contributions. This aspect of risk management could be a compelling value proposition for potential clients.

Organizations can easily quantify the value of open source and identify areas to fully tap into their open source potential with EPAM's OSPulse™ Enterprise-Level Analytics Open Source Dashboard

NEWTOWN, Pa., Feb. 22, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the launch of OSPulse™, an enterprise-level analytics dashboard for monitoring open source engagement within an organization. The dashboard offers an intuitive interface with seamless implementation and customizable reporting to easily track a company's open source contributions and impact.

"EPAM's OSPulse actively evaluates open source engagement throughout the business," said Christopher Howard, Head of the Open Source Program Office at EPAM. "The dashboard provides a holistic view of individual and companywide open source contributions across platforms, solutions and projects to help organizations see the impact of their contributions and make data-driven decisions about strategy, resourcing and employee engagement."

Learn more about OSPulse

OSPulse provides valuable, easy-to-understand insights for a range of stakeholders, including senior executives, HR, engineers and project managers. The tool collects real-time data about contributors, contribution frequency, repositories, licenses, programming languages, retention and more.

Through an enterprise-level overview of open source engagement, OSPulse can help organizations with the following:

• Identify trends and focus areas. Through an intuitive user experience, data can be filtered and sorted to reveal various activities, projects and skills.
• Create customizable reports. Exceptional data visualization makes it easy to understand an organization's evolving open source footprint and impact.
• Make informed decisions. OSPulse provides data-driven insights to evaluate strengths and weaknesses, identify repositories of interest, detect anomalies or shifts within a project and mitigate risks.
• Recognize, reward and support contributors. By quantifying and visualizing an employee's engagements, successes and interest areas, organizations can identify rising stars and areas for upskilling.
• Shortlist candidates and prepare for talent acquisition. OSPulse data can help pinpoint needed skills and narrow the search for candidates with relevant experience.

The cloud-based dashboard can provide insights at any scale for organizations of all sizes from startups to global enterprises. Through EPAM's engineering expertise, it is possible to seamlessly integrate with HR and industry analytics platforms without the need for manual reporting.

"As a major contributor to open source, we know that open source results in better software and stronger communities," Howard said. "OSPulse is built with EPAM's engineering DNA and our proven ability to funnel hard-to-define activities into meaningful metrics. This tool provides actionable insights needed to quickly quantify open source contributions, make smart hiring decisions and identify employees' skills."

With more than 140,000 commits in the public domain, EPAM is dedicated to furthering open source engagement that inspires technological innovation. In 2019, EPAM built the Open Source Contributor Index (OSCI) to measure and recognize commercial organizations worldwide that contribute to the open source community.

For more information about EPAM's OSPulse and to request a demo, visit https://www.epam.com/ospulse.

Learn more about how open source can provide a competitive advantage when properly managed: https://www.epam.com/services/engineering/open-source. 

About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, as well as a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients' transformation challenges by fusing EPAM Continuum's integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients' time to market and drive greater value from their innovations and digital investments.

We deliver globally, but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners and our people around the world.

We believe the right solutions are the ones that improve people's lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market.

Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor as a Best Workplace in 2023 and 2024, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services as well as a leader in the 2023 Gartner^® Magic Quadrant^™ for Custom Software Development Services, Worldwide.^*

Learn more at www.epam.com and follow us on LinkedIn.

*Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Forward-Looking Statements
This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets and the broader economy, and the effect that these events may have on customer demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K and the factors discussed in the Company's Quarterly Reports on Form 10-Q, particularly under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

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SOURCE EPAM Systems, Inc.

FAQ

What is EPAM's new enterprise-level analytics dashboard called?

EPAM's new enterprise-level analytics dashboard is called OSPulse™.

What does OSPulse™ offer for organizations?

OSPulse™ offers an intuitive interface, seamless implementation, and customizable reporting for tracking open source contributions and impact within an organization.

Who is the Head of the Open Source Program Office at EPAM?

Christopher Howard is the Head of the Open Source Program Office at EPAM.

What does the OSPulse™ dashboard help organizations with?

The OSPulse™ dashboard helps organizations evaluate open source engagement, track contributions, and make data-driven decisions based on the impact of their contributions.