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Cloud Will Create 14 Million Jobs, Study Says InformationWeek (03/05/12) Paul McDougall

Cloud computing technologies will help create nearly 14 million technology-related jobs worldwide by 2015, resulting in $1.1 trillion in revenue annually, according to a Microsoft and IDC report. "For most organizations, cloud computing should be a no-brainer, given its ability to increase [information technology (IT)] innovation and flexibility, lower capital costs, and help generate revenues that are multiples of spending," says IDC's John Gantz. The report says cloud technologies are creating jobs through direct hiring by IT vendors and organizations as they build out cloud technologies and infrastructures, and by simplifying IT, which enables companies to dedicate more resources to strategic projects that can grow their businesses. "Enterprises that embrace cloud computing reduce the amount of IT time and budget devoted to legacy systems and routine upgrades, which then increases the time and budget they have for more innovative projects," Gantz notes. The majority of the new cloud jobs will be created in media and communications, manufacturing, and banking. In addition, emerging markets such as Brazil, India, and China are expected to see 186 percent, 99 percent, and 84 percent growth in cloud-related jobs, respectively.


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