and the management of itemized pricing backend. This FMP just needed to focus on
meeting the demand for store based information services", to attract other industry within the
financial ecosystem. This will bring more business traffic to create a win-win for cloud service
providers and platform maintenance providers.
6.10.2
Sharing cloud database to create new services and new business
opportunities
With the objectives in promoting the ecosystem of cloud service platform, the FMP not only
severed as a cloud service provider and a platform operator but also put in his own place two
other very important stakeholders. One perspective was to strengthen the incentive and the
need for them to participate in the ecosystem, and the other perspective was to reduce the
potential doubts and obstacles toward adopting new technologies and business models.
The first stakeholder naturally was the users of the data. They valued the financial analysis
offered by the cloud services platform and would continue to pay for the service. This may
include the local financial institutions, foreign investors, and even academic institutions.
Willing to cite and purchase the services will be the key to the success of the platform.
Therefore, the FMP offered preliminary "data-as-a-Service directory” to offer user interface
and reports via the statistical analysis tool in the Internet. Also, interface API is offered to
allow users who have the need for massive data and complex computation download to an
offline environment for establishing a model. In the mean time, the reasonable usage on
demand business model as well as authoritative first hand market information was offered to
different styles of user groups. Also, depending on the service level (availability, security
planning, and service response time) a price range was set. Via the key discussion prior, this
formed the “need infrastructure” between the customer and the market.
The 2
nd
stakeholder often overlooked was the financial information services provider. In
additional to its "self-services", with its abundant first-hand market information, if the
financial services providers or IT service providers can be solicited, then a 3
rd
party
information services can be “incubated” to offer more aggressive value added services such
as transaction strategy. For the planning of the incubating center, cloud consultants
recommended the FMP to offer customers different styles of data such as the standard
framework and application programming interface (API) training on “structured” and
“
non-structured” transactions (e.g., files, web content). The FMP also planned to open the
shared cloud services platform customer database, order processing, and pricing functions.
It is like a department store, via the cloud services platform, helping the merchants to
develop the market and to grow the business. This would make the financial product
portfolio of the software/data services of the financial market healthier.
