Cloud Computing Could Create 14 Million Jobs ... - Business Insider

By 2015,?cloud-based services will?create 1.2 million jobs in the U.S. and Canada, and 14 million jobs worldwide as companies ditch their?expensive servers and data networks to?adopt a more virtual workspace, according to a?study by Microsoft?and research firm IDC.

The cloud is an invisible shared space that stores networks, servers and applications without taking up any concrete space and needs very little management maintenance.

The study estimates that 75 percent of all current IT spending is set aside for maintaining data systems, but as these systems?disappear from mainstream businesses, companies will be able to save this money and, inevitably, hire more workers to develop cloud products and services.?

Within the next two years,?the international switch to cloud products will generate around $1.1 trillion in business revenue:

"The basic rationale for job growth is that IT innovation allows for business innovation, which leads to business revenue, which leads to job creation,"?the study says.

Michael B. Farrell at the Boston Globe?reported that cloud-related positions contributed to 13 percent of job openings in Massachusetts last year?and is expected to create 20,000 jobs in the area over the next four years.

The cloud will most benefit developing countries, with predictions of 6.8 million new job openings predominately in China and India.?

NOW READ: The 30 fastest growing jobs in America>

Source: http://www.businessinsider.com/cloud-computing-could-create-14-million-jobs-worldwide-by-2015-2012-3

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