Thursday 21 June 2012

Can Cloud Computing Save The Economy?

By Kacee Johnson


There is a rapid growth in Cloud Computing. During its earliest phase, the cloud sector of tech saw huge job growth over the past 36 months. Many industries and businesses are being helped economically by the cloud computing arena as demonstrated by the latest data where a lot of opportunity is being generated along with job growth beyond the cloud service companies fueling the expansion.

A really big growth trend is the one that is currently going on in cloud computing. When it was still new, the cloud sector grew explosively in areas beyond job growth in the last three years. 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.

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. Around 4720.000 new jobs and $100 billion will be added to the global economy over the next 5 years, a study says.

According to this research study, there are three global trends are spurring the increase in cloud computing services and new jobs in this area: the great increase in portable mobile computers such as tablet computers and smart phones; the trend toward "social" online services; and the growing number of "Big Data" flows, all of which require an increasing number of services for managing and controlling this data.

Cloud adoption and job growth are influenced a lot by Government policies and purchasing decisions at all levels This research reaffirmed that cloud computing can be really important and make a big difference in every stage of growth of a company's life--everything from starting a new company, or having a company grow, or management of a worldwide corporation. Business growth leads to jobs, and cloud computing will accelerate this in certain industries.

Public and private IT Cloud Services will create nearly 14 million new jobs worldwide from 2011 to 2015, according to a recent study commissioned by Microsoft. Job creation is going to be spurred because of the cloud's existence. This technology will transform life as we know it by driving down costs, spurring innovation and create new jobs with different skill sets the world over.

Companies are using cloud based collaboration software not just for their internal employees, but to engage and share information with partners and vendors and this is one of the trends we're seeing. It is about leveraging it to drive revenue for the business apart from maintaining technology.

Underwriters laboratory, a global company providing safety testing and certification for a wide range of product categories is one of the enterprises which make use of cloud to boost innovation. In order to improve the quality of services offered to customers, the company has been on a spree of acquiring various business in the recent past. Because Office 365 frees the company from adding and maintaining new servers, UL has been able to complete its technology integrations very rapidly. UL is able to get new hires up to speed in just a few weeks, rather than many months, and this is true if it's a big acquisition in China, or just a small one in Australia.

Many people in the cloud computing community have suspected for a long time the facts shown by these results. 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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