Thursday, 28 June 2012

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Is Cloud Computing the Answer to Our Economy's Problems?

By Kacee Johnson


There is a rapid growth in Cloud Computing. The Last 36 months has seen an explosive growth in the cloud sector which is still in its infancy. 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.

Cloud computing is a field that is on the rise. While still in its infancy, the cloud sector of tech has experienced more than just explosive job growth in the past 36 months. Current statistics show that the cloud computing arena is creating a new economic paradigm for many industries and businesses; its created many opportunities and job growth beyond the cloud service companies.

According to a study conducted by the Sand Hill and SAP, on 'How cloud computing is generating new business opportunities and fuelling job growth in the United States?' Cloud computing has the capacity to provide job opportunities to 4720,000 and add $100 billion to the global economy in the coming five years.

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.

According to a recent study commissioned by Microsoft, public and private IT Cloud Services will create nearly 14 million new jobs worldwide from 2011 to 2015. Job creation will be greatly impacted by the cloud. It's a transformative technology that will drive down costs, spur innovation, and open up new jobs and skill sets across the globe.

In a growing trend that is being seen, many corporations use collaborative software that is cloud based, and they aren't just using this for their internal employees, they are also using it to share information with partners, share information with vendors, and engage these constituencies. 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. Recently, the business has acquired a few companies that open up the services it is able to offer to its customers. Because Office 365 frees the company from adding and maintaining new servers, UL has been able to complete its technology integrations very rapidly. Whether it's a large acquisition in China or a small one in Australia, UL can now integrate new employees within a few weeks instead of several months.

Many people in the cloud computing community have suspected for a long time the facts shown by these results. The inevitable growth of mobile computing, use of social networks and data management carry one common factor, and that is why job growth with the cloud in this area must not be overlooked.




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