Is Cloud the Answer for the European Economy?
Grazed from Forbes. Author: Jacqueline Vanacek.
My last blog, Cloud is The World’s Economic Opportunity, profiled the plans of key governments around the world who are investing heavily in cloud computing to enhance economic opportunity and quality of life for their citizens.
Europe is taking an aggressive stance on building a cloud economy, per the scale of the revenue opportunity that can be achieved from the disruptive nature of cloud to the entire industry landscape.
It is estimated that European companies could save 20-50% of their total Information and Communication Technology (ICT) costs, to reinvest in new business models that generate revenue. Cloud computing alone is expected to contribute about 0.1-0.2% growth in GDP, and a cloud economy would significantly stimulate Europe’s labor market across all industries, with potentially significant job growth (Survival of the Fittest – RolandBerger Strategy Consultants and SAP, 11/2011)…

