Daily Tickr: New Report Shows Millions of Jobs Will be Created Thanks to Cloud Computing

March 27, 2012

Misc

If you haven’t heard of cloud computing, you would be in a very small minority.  “The Cloud” as it is affectionately known is in the process of becoming a jobs growth machine.  A recent study by IDC shows that cloud spending in 2011 was $28 billion and generated $400 billion in revenue.  The net result was 1.5 million jobs created.  By 2016, the number of new jobs created by the cloud will be in the neighborhood of 8.8 million. The amount of IT innovation that is a by product of cloud services frees up capital for other projects, which in turn leads to the jobs growth that is anticipated.  [Source: ERE]

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