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Cloud Computing to Create 14m Jobs

Cloud computing will generate 14 million new jobs worldwide by 2015, with India contributing nearly 2 million of it according to the findings of a new study commissioned by Microsoftand conducted by tech market researcher International Data Corporation (IDC).

Cloud computing would also allow organizations to shift some of their legacy work of maintaining and modernising IT infrastructure to the cloud service provider and invest such freed-up time and budget in IT innovation, which in turn could help create new jobs, the IDC study said.

"A common mis-perception is cloud computing is a job eliminator, but in truth it will be a job creator a major one," said John F Gantz, chief research officer and senior vice president at IDC. The Microsoft-IDC study estimated that some 1.5 million new jobs were created in 2011, when $28 billion was spent worldwide on public cloud IT services. During the year, an estimated $1.7 trillion was spent on total IT products and services.

The study predicts over two million jobs each to be generated in the communications, media and manufacturing sectors, followed by banking at over 1.4 million. Though there is no such break-up available for the Indian market, the footprint is expected to be more or less similar to global markets, says Ramkumar Pichai, general manager, customer & partner experience at Microsoft India.

"We at Microsoft expect cloud computing to emerge as the most disruptive force for technology industry and enable India to emerge as the global innovation hub from global services hub now, apart from helping the Indian economy grow multi-fold," he told ET. The Asia-Pacific region is "a more aggressive adopter of public IT cloud services than one might think, accounting for 12% of such services worldwide," the study found. 10 years ago, video-conferencing systems were complicated and erratic, and ran on expensive, closed phone lines. .

Source :ET, March,2012