2024 Big Ideas: Developer Influence, Maritime Upgrades, and New Video Intelligence

This podcast episode explores the increasing influence of developers as buyers in the financial services industry. It discusses the shift towards composable architecture and the rise of as-a-service layers in banking. The challenges faced by larger financial institutions in adopting new technologies and the role of developers in driving technological advancements are also examined. The involvement of developers in open banking and its impact on the industry are explored, along with the potential of the maritime economy and advancements in maritime autonomy. The chapter also highlights the challenges and opportunities in modernizing the maritime industry and the potential applications of computer vision and video intelligence in various industries. Takeaways • Developers are becoming increasingly influential in buying decisions in the financial services industry. • Fintech companies that prioritize a great developer experience are favored by the rise of developers as buyers. • Open source libraries and composable blocks are transforming the banking stack, allowing for seamless integration of banking services into platforms. • Legacy systems and code hinder the adoption of modern software solutions in financial institutions, but generative AI is driving a platform shift. • The involvement of developers in open banking can lead to better consumer and business experiences in the financial services sector. • The maritime industry faces challenges in adapting to the complexities of the ocean environment, but there is potential for innovation and growth. • Maritime autonomy has potential applications in mining, observation, deep water navigation, and route optimization. • Modernizing the maritime industry requires understanding its complexities, finding market entry points, and articulating company roles in the ecosystem. • Computer vision and video intelligence have potential applications in transportation, agriculture, industrials, and mining industries. • The adoption of video technology is expected to increase in various industries by 2024, driven by cost factors, labor shortages, and focus on AI.