New research has found investment in cloud technology will have wide-ranging benefits for the local economy, which includes the creation of 125,000 new jobs locally by 2015.
According to analyst firm IDC, cloud computing will create nearly 14 million jobs globally, and 125,000 new jobs in Australia, by 2015. The research, commissioned by Microsoft, predicts jobs growth will be driven by cloud technology revenues, which could reach a staggering $1.1 trillion per year, by 2015.
These predictions counter the common misconception that cloud computing will eliminate jobs.
IDC’s senior vice president John F. Gantz said, “Job growth will occur across continents and throughout organisations of all sizes, because emerging markets, small cities and small businesses have the same access to cloud benefits as large enterprises or developed nations.”
Given the economic benefits, Gantz sees investment in cloud computing as an obvious choice.
“Cloud computing should be a no-brainer, given its ability to increase IT innovation and flexibility, lower capital costs, and help generate revenues that are multiples of spending,” he said.
Microsoft’s SMB partner group director Evan Williams agrees, saying the transformative technology “will drive down costs, spur innovation, and open up new jobs and skillsets in Australia.”