A ‘Mundus Novus’ – or new world – of competing and conflicting macro-trends is converging to pose unprecedented challenges for businesses today.
Delivering the opening keynote on day one of OpenText™ Enterprise World 2018 in Toronto, our Vice-chair, CEO and CTO Mark Barrenechea told over 4000 delegates that “The new demands of a millennial workforce, the relentless threat of cyberattack, changing modes of work, and newly challenging information privacy and regulatory environments are changing the ways that businesses operate. At the same time, digital technology is changing the nature of commerce, work, society, privacy, and security. At OpenText we believe that data and information can be harnessed to ensure these changes make a profound and positive impact on all of our lives.”
Against that backdrop, we unveiled our vision for the future of the ‘intelligent and connected enterprise’ and Enterprise Information Management (EIM). The big announcement was the release of our next-generation hybrid cloud platform, OpenText™ OT2. The unified platform brings together intelligent automation, security, and EIM applications.
OpenText OT2 is the evolution of Project Banff, which was announced at last year’s Enterprise World. As a “platform for innovation”, OpenText OT2 will enable businesses that need to keep some data on-premises to still reap the benefits of a flexible cloud-based SaaS environment.
With a unified data model and a standard user interface, OpenText OT2 enables developers to rapidly build SaaS applications in the OpenText™ Cloud. The platform brings together microservices for content collaboration, security, process automation, and analytics. Applications in OpenText OT2 will also be tightly integrated with OpenText™ Release 16.
And with businesses in highly regulated sectors in mind, OpenText will offer optimized versions for verticals such as life sciences and financial services. These include OpenText™ Quality, an application for the life sciences industry, and OpenText™ Legal for the legal sector.
“We are leveraging our deep knowledge of building EIM products to deliver a self-service, hybrid platform. OpenText OT2 will allow our customers and partners to access pre-built hybrid applications that integrate deeply with their existing OpenText solutions,” explained Muhi Majzoub, EVP, Engineering and Cloud Services, OpenText. “Developers can use either low-code or native development environments to build custom applications in hours rather than weeks.”
Mark also reaffirmed our long-term commitment to our industry-leading EIM platform, OpenText Release 16, with his keynote address revealing that EP5 is due to come to market in November this year, and that our engineering teams are already hard at work on EP6 and EP7.