Can Cloud Computing Save The Economy?
Cloud computing is growing rapidly. While still in its infantcy, the cloud sector of tech has experienced more than just explosive job growth in the past 36 months, its a paradigm shift.
The latest data demonstrates that the cloud computing arena is establishing a new economic paradigm for many industries and businesses, generating opportunity and job growth well beyond the cloud service companies fueling the expansion.
In the next five years, cloud computing has the potential to add 472,000 new jobs and $100 billion to the global economy, according according to a study, “Job Growth in the Forecast: How Cloud Computing is Generating New Business Opportunities and Fueling Job Growth in the United States,” by the Sand Hill Group and SAP.
Read SAP report (PDF) HERE
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The study says three industry megatrends are propelling the growth of cloud services and employment: the boom in mobile computing devices such as smartphones and tablets; the “social” trend in online services; and the growth of “Big Data” flows that require more data management services.
Government policies and purchasing decisions at all levels will also have a major influence on cloud adoption and job growth.
“The study confirms that cloud computing can have a significant impact at every key growth stage of the business lifecycle – from launching a startup to expanding a business to managing a multi-national enterprise,” said Jacqueline Vanacek, vice president and cloud computing evangelist at SAP. “Business growth leads to jobs, and cloud computing will accelerate this in certain industries.”
“These results support what many in the cloud community have long suspected,” said M.R. Rangaswami, study author and co-founder of Sand Hill Group, a strategic advisory firm known for its insight into the software and services market. “The impending growth of mobile computing, social networking and data management all have one thing in common — the cloud — which is why job growth in this area cannot be ignored.”
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