SME in India may not be ready for the Cloud

The SME sector in India has been identified as the sector that is ready to adopt cloud computing and also benefit the most because its IT Deployment is limited today.
But as one engages with the SME sector we find its leaders are ignorant about IT Management other then using a financial software on a PC the trust factor is abysmally low.
The SME is mostly owner run in India and privately held and has been mainly built by entrepreners with an healthy knowledge and specific niche skills.

It is a long road for Indian SME to adopt Cloud Computing.
Photo Credit : Amitav Thamba

The bankers, lenders and government have been spending years to list these SME companies with limited success, I recollect trying to list SME companies in 1991 which was disastrous in the OTC Exchange of India, it is the same fate of the two new SME exchanges started by NSE and BSE the leading stock exchanges of India.
To get the SME sector to speed it is important to allow them to deploy traditional onsite computing to demonstrate the benefits and build their trust. The SME sector is about 5 years behind schedule in adopting information technology  and about 10 years behind in adopting cloud computing.
Companies like Mindcraft a Mumbai based IT services company (mindcraft.in) in India are adding value to the SME sector by providing them C level expertise for their IT deployment and sustenance. This is the first step in getting SME's in India to adopt computing, once they enjoy the benefits of computing only then they will be ready for cloud computing.
Mindcraft offers SME the same quality and responsiveness they offer corporate customers they support like large banks and financial institutions. They also add a strong IT leadership team and ITIL compliant IT support with quality and agility.
More companies need to start taking the SME to the first baby steps into computing into India to benefit the Indian economy and make an impact on the GDP of India.
This blogger welcome your thoughts and experiences with information technology as SME in India or as a IT service provider to the SME Sector.

Stock Exchanges in the Cloud for SMB/SME Business

Have been pondering about building stock exchanges in the cloud and whenever I tweet it is like placing an order in an exchange, the only difference being it is textual rather then monetary information.
NYSE and NASDAQ already use and provide cloud computing services for their members and I am sure there are a number of exchanges which also offer this facility.
Today I came across a  design for a stock engine bid matching engine in the cloud  by Mr. Ashish Banerjee http://www.ashishbanerjee.com/bid-matching-engine. in the public cloud using Amazon Web Services.

SMB/SME Exchanges in the Cloud will signify a New Era for trading!

Today's blog is about designing a Stock Exchange in the Cloud for SMB (Small and Medium Business) or also called as SME ( Small and Medium Enterprises) in India.
SMB/SME are burdened with expensive debt and an exchange for listing their equity will  allow them to reduce their cost of debt and also distribute the business risks to shareholders.
As large corporations get bruised the future will belong to the SMB/SME Business who are agile and nimble and hungry for growth. The SMB/SME  provide employ a large number of people and also contribute significantly to the economic growth.
The SMB/SME companies need low threshold for listing and also adequate liquidity for their stocks, thus the ideal solution will be to have integrated exchange  depository and clearing house. The cloud provides an ideal and secure platform for  building such an exchange.
Here are the benefits of moving SMB/SME Exchanges to the cloud
1. Quick setup of the exchange, can be accomplished in weeks.
2. Reliability, Latency and everything else that the Cloud Offers.
3. Economical storage of data.
4. Low start up cost
5. Agility and Innovation
6. Low cost of ownership which relates to lower transaction cost.

The SME/SMB stock exchanges should be owned and  built by the SMB/SME Industry Associations rather then the larger exchanges.
A frugal and Gandhi engineering approach is needed for these exchanges to make them viable.
A regulator is still be needed to oversee the operations, but the regulator must insist more on self regulation rather then imposing stringent controls which are normally required for the larger exchanges.
Well these could be baby steps in new era of exchange technology but if these SME/SMB exchanges in the cloud are successful it will not be long before the bigger exchanges move into the Cloud.

Stock Exchanges in the Cloud for SMB/SME Business

Have been pondering about building stock exchanges in the cloud and whenever I tweet it is like placing an order in an exchange, the only difference being it is textual rather then monetary information.
NYSE and NASDAQ already use and provide cloud computing services for their members and I am sure there are a number of exchanges which also offer this facility.
Today I came across a  design for a stock engine bid matching engine in the cloud  by Mr. Ashish Banerjee http://www.ashishbanerjee.com/bid-matching-engine. in the public cloud using Amazon Web Services.

SMB/SME Exchanges in the Cloud will signify a New Era for trading!

Today's blog is about designing a Stock Exchange in the Cloud for SMB (Small and Medium Business) or also called as SME ( Small and Medium Enterprises) in India.
SMB/SME are burdened with expensive debt and an exchange for listing their equity will  allow them to reduce their cost of debt and also distribute the business risks to shareholders.
As large corporations get bruised the future will belong to the SMB/SME Business who are agile and nimble and hungry for growth. The SMB/SME  provide employ a large number of people and also contribute significantly to the economic growth.
The SMB/SME companies need low threshold for listing and also adequate liquidity for their stocks, thus the ideal solution will be to have integrated exchange  depository and clearing house. The cloud provides an ideal and secure platform for  building such an exchange.
Here are the benefits of moving SMB/SME Exchanges to the cloud
1. Quick setup of the exchange, can be accomplished in weeks.
2. Reliability, Latency and everything else that the Cloud Offers.
3. Economical storage of data.
4. Low start up cost
5. Agility and Innovation
6. Low cost of ownership which relates to lower transaction cost.

The SME/SMB stock exchanges should be owned and  built by the SMB/SME Industry Associations rather then the larger exchanges.
A frugal and Gandhi engineering approach is needed for these exchanges to make them viable.
A regulator is still be needed to oversee the operations, but the regulator must insist more on self regulation rather then imposing stringent controls which are normally required for the larger exchanges.
Well these could be baby steps in new era of exchange technology but if these SME/SMB exchanges in the cloud are successful it will not be long before the bigger exchanges move into the Cloud.