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What the Shopify IPO Means for the Cloud By @IanKhanLive | @CloudExpo [#Cloud]

Companies such as Shopify are a small example of how the Cloud is changing the world of business

What the Shopify IPO Means for Canadian Tech and the Cloud?

The launch of the Shopify IPO on the NYSE is a leap forward and a testimony tothe high quality of the Canadian technology sector. In its first trading day, Shopify was oversubscribed by 51%

As a solution-focused company, for us it's a day of pride and tribulations to see a fellow technology company launching a successful IPO on one of the world's greatest trading desks, Shopify, that started with humble beginnings, is one of the latest IPO's to hit the market that is both tech, and Canadian. As a Canadian company Shopifys IPO success is a testimony to Canada being a breeding ground for world-class software companies. Shopifys and its solutions are not new to the industry, but the culmination of the right solution at the right time and a lot of hard work is evident from their success. Today, Shopify's ecommerce platform serves the needs of over 165,000 merchants.

For the Canadian technology sector, whether it is in Montreal, Waterloo, Toronto or Vancouver, the timing could not be better. Canada is home to a large number of successful startups that have grown tremendously. The Shopify IPO is also a proof of the success of the Cloud and its many applications. The Cloud is driving demand, helping companies generate revenue and also helping with social change. Gartner, an industry analyst firm, predicts that the Cloud is going to be a $200 billion industry by 2020, and while this may seem a great number to envision, the reality is that the Cloud may also see an exponential growth in the next decade and might as well be worth over a $1000 billion over the next 10 years.

Companies such as Shopify are a small example of how the Cloud is changing the world of business. It is still early days for the eCommerce provider to set an example of being highly successful and becoming a market leader. The challenges of launching an IPO are significantly different from that of growing an organization, and while the sudden influx of cash flow from investors can definitely transform the business, it can also be catastrophic if not coupled with a strong vision and revenue generation strategy.

For now though, let's give a big hand to Shopify for a successful IPO and a great start. Hopefully it will inspire thousands of small technology companies in Canada to see a clearer vision, dream big, and grow to their fullest. Shopify now has the potential of being a great Canadian success story and a testimony of the highly creative and conducive environment Canada provides. More than anything else it is evidence that Cloud technology continues to shape our lives and create positive change to make things better.

More Stories By Ian Khan

CNN Futurist, Forbes Contributor, Author, 3 Time TEDx Speaker and Technology Futurist, over the last 20 years Ian Khan has had the privilege to serve the needs of over 5000 organizations by fueling their growth through technology solutions. He has helped a diverse set of businesses ranging from Technology Companies, Oil Companies, Power Generation & Renewables Operators, Microsoft Ecosystem Partners, SAP Customers and Partners, Healthcare Providers, Manufacturers, Facility Operators, Startups, Educational Institutions, Nonprofits & associations and more. Ian’s experiences with these organizations led him to a unique position of being able to identify the common challenges of growth for all these organizations. The bottom line as he found out, is that we all are hungry for success and want to grow and make a difference. Where we fall short is by failing to understand our environment and taking the right action within that environment. After 20 years serving the needs of the industry Ian’s natural pivot was to answer his calling and help organizations at a broader level understand what tomorrow brings. His work and study of all these organizations brought forward very unique perspectives that he now share through his work. Today, hands down, we live in the great time for humanity. Technology is a great thing, but it also has its victims. Many organizations of tomorrow will fail under the pressure of a fast changing world, much of which is fueled and driven by technology. Ian’s mission is to help organizations avoid that pitfall, and propel themselves into success in today’s era and go from digital disruption to digital transformation in the fastest and most sustainable way. This is the only way, according to him, we can together create limitless value, create solutions that are faced by us locally as well as by others around the globe, and make the world a happier place. Today Ian’s work spans working with people by delivering keynotes, consulting and by promoting his 7 –Axioms methodology through his book and workshops. He is also working on an ambitious project of releasing a documentary in spring of 2018 called Industry 4.0. Industry 4.0 will capture the thoughts and insights of some of the world’s leading thinkers and help us understand the 4th Industrial Revolution, Its Impact, and how we can all be have an opportunity to be part of the emerging future and make the right choices. For more information please visit www.iankhan.com

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