BSE Limited (Formerly known as Bombay Stock Exchange Limited)
Amongst the pioneers to implement single-window multiexchange online trading systems to facilitate trading across multiple asset classes, Kersi has over 30 years experience in the area of Application Systems/ IT Infrastructure development and management, managing all aspects of IT operations in financial services, capital markets and manufacturing companies.
He has provided technical leadership & architectural vision in implementation of mission critical applications across the organization including IT Infrastructure, web portals, web based and non-web based customized solutions.
Challenges in technology to meet enterprise needs in 2013 and expectations
How to secure the enterprise in the financial sector is one of the biggest challenges the entire industry is facing. To meet the enterprise needs, we have to get some simple solutions for the sector as the problems are complex. This means, simpler solutions for complex problems. This also depends on the IT vendors because given that solution, industry should happily accept it or adopt it.
The areas in business environment where solutions do not yet exist or not up to the mark, and which if existed, would've made job easier
In the IT infrastructure we have limited analytical tools. Event management tools are there but the availability of analytical tools are very few. There is less availability of good analytical tools. There are events and features happening but to meaningfully analyze them is very difficult and so it has become a big challenge everybody is facing and we still do not have good solutions. Moreover, if there are solutions which can be used effectively and readily, then they are either too costly or too complex.
Technology trends impacting enterprise business environment
Mobility is the trending technology with a larger impact on web. For example- consumerization on mobile device . The industry is undergoing a sea change as the customer has access to everything on their mobile. We no longer make software for PCs alone, but software for the entire mobile world along with the PCs. So, mobility and mobile, the way it has penetrated the human ecosystem is the biggest change for all industries.
Roles and responsibilities as a CIO
A trend that has been followed by CIOs is to focus more on business leadership in addition to their technology leadership roles. Today CIO’s role is business driven which also contributes to new initiatives, which can be marketed by business as a differentiating factor. A CIO needs to understand the importance of business strategy; detailed process related to business and also needs to be technically strong across existing and emerging technologies.
Lessons learned and advice for fellow CIOs
IT is an industry where we learn continuously. Two or three projects out of ten might fail, but we continue to learn and keep trying other alternatives. There is no stopping in case of technology. You must be quick in finding solutions and solve the impending problem, because if you don’t then others will. So the CIO’s role involves a lot of R&D as they keep experimenting with technologies and solutions.
Excel in any area that you work and do not stop innovating. Every individual CIO has to exploit their potential acquired over a period of time in different domains.
