High-technology tech businesses is pretty decent with

High-technology
entrepreneurs are into securing revenue and growth from industry sectors affected
by new and rapidly changing technology. These
days advance computing technology is being
utilized in so many aspects of business in different industries that it is
being classified as a subset of its own unique industry.. Today, industry saturation
of high tech businesses is pretty decent with these hi tech businesses
operating in varying industries such as oil extraction, food exporting and
others. This paper is mainly going to look into this idea of cloud computing and potentially providing
a private cloud service to the corporate sector of India and then beyond as one
of the high tech entrepreneurship ideas,
outlining the appropriate mechanisms that are needed in protecting the intellectual property of the high tech entrepreneurship, outline some of the resources
that are needed in bringing the concept of high tech entrepreneurship into the current market as well as abilities
needed in taking forward the idea of high tech entrepreneurship
as far as market trends is concerned. So what is cloud computing? Cloud
computing is the practice of using a network of remote
servers hosted on the Internet to store, manage, and process data, rather than
a local server or a personal computer. So what about a private cloud. A private
cloud is infrastructure operated solely for a single organization, whether
managed internally or by a third party, and hosted either internally or
externally. Private clouds can take advantage of cloud’s efficiencies, while
providing more control of resources and steering clear of multi-tenancy. (IBM,
N.D.)

 

Define and explore
the high-growth nature of the concept of cloud computing in entrepreneurship

The nature of growth in this industry is exponential if the
product is good enough but the % of market saturation is slowly and steadily
growing as we are yet to see consumers moving to a cloud based system in masses
such as towards Google’s chrome operating system that puts the importance
towards internet based applications rather than desktop/laptop based. Today more
and more devices come prepackaged with or offer downloadable access to services
that store the users’ data remotely. Giving employees the access to easily
collaborate on company tasks from the ease of their homes, projects  being updated in real time right from the
project site are just some benefits to cloud computing which enhances its
nature of growth as this ease of work will catch on.. Along with these pro
points (remote working and backup, instant information sharing etc), there are
also some cons (privacy, data retrieval upon machine failure, cyber security). But
future of computing is with a laptop that’s with the user no matter the location,
be it on a cruise or at workplace. Keep in mind that this industry came into
existence in the current decade an dis now a 300 billion dollar industry. That’s
the growth potential in terms of numbers.

Identify
appropriate mechanisms for protecting the intellectual property of the idea
giving reasons for your choice

The world of technology is a rapidly
changing world, changing at an exciting but unpredictable pace. As The Economist observed,
“the belief that technology and globalization promise unbounded prosperity
and render old economic rules redundant has infected corporate managers,
investors, and politicians with remarkable speed”. Information technology is altering the nature of the
world’s economic output, as well as the ways that companies operate. With all
these uncertainties in mind the appropriate mechanism mainly for protecting the
intellectual property of the idea is encryption and cyber security. Mainly with
this private cloud for corporations the encryption will make sure that only the
user sending and receiving the file can decrypt and open it. The advantage with
encryption is that it’s on a need to know basis. So for example if the file is
sent from one user to another only those two users have access to that file but
if its shared in a group all the group members have access to that file and not
anyone else in that firm regardless of his/her position. Also these security
measures layered into the cloud prevents breaches and theft as an audit trail
can be maintained by monitoring which users accessed what file and when. With
private cloud the protection of intellectual property is more secure than
server based operations as servers are easier to hack than cloud because of the
said encryption. Also a cyber-security firm can be hired to for cloud
maintenance and extra security

 

Explore the resources and finances needed to bring the concept to market

For
bringing the concept to market the macro strategy would be to not divide
finances too much, having a viable marketing strategy, getting an efficient
core employee team and the final vision for the company. The resources needing
at first will be substantial and will need bringing in big investors for the
setup. The setup will be requiring a physical space where there are at least
5000 computing machines. These 5000 computing machine will act as the computing
resource for cloud hosting as the virtual servers of cloud require a lot of
computing resource. The plan of action would be to setup this one location with
2 backup data centers as because if one fails the other is there because in
this business bad publicity is company killer, especially private cloud
service. Then after acquiring few medium sized firms, provide better than
market service and rates by using India as operation base because of cheap
costs involved with labour and set up. After an year expand and grab the most
of the small level and medium sized firms who are still on server based data
storage by educating them on the advantages of private cloud computing such as
better security, no trade secret leaking scenarios and also the ability of
monitoring and producing an audit trail. Then 5 years down the lane go after
the big corporations hoping market isn’t too overcrowded by then or else get
acquired by one of the big players in cloud market such as amazon, google or
Microsoft. For the above the initial setup cost would be around 1 million
pounds. But the devised marketing strategy is pretty inexpensive with use of
social media as advertising platform, for example by making weird funny videos
that attract viewers or have a tendency to go viral that also contain
information about the firm and what it offers. The cost of educating small business
about the need and advantages of my private cloud service won’t be much as I
would be travelling to business shows and business seminars to get the word of
mouth rolling. All in all the finances of 1-2 million dollar is needed for the
start with additional line of credit with investors if possible taking into
account the projected growth and putting all profits back into the company for
its continued growth the first 5years. The resources needed will also involve
resources like an executive recruiter to acquire a good core team of efficient
employees.