Cloud and the Global Economy – Study by London School of Economics

According to a study by the London School of Economics and Political Science, the development of cloud computing will result in economic growth, increased productivity, and promote change in the types of jobs and skills required by businesses.  The study focuses on two industries – smartphone and aerospace service – and dives into the impact of cloud computing on said industries using the UK, Germany, Italy, and USA and the years 2010 and 2014 as subjects. Microsoft helped underwrite the study.

The study claims that investments in cloud computing are contributing to job creation and growth in both the old and slow-growing aerospace sector and the relatively new, yet fast growing smartphone industry. Added to this, the cloud computing industry is also responsible for job creation via construction, staffing, and supply of the data centers that will host the cloud. Cloud computing also has the benefit of optimizing businesses as it frees up managerial staff and skilled employees, allowing them to focus on the areas of work that are more profitable…