High stakes threaten EU cloud strategy

October 17, 2013 Off By David

Grazed from Diginomica. Author: Phil Wainwright.

European policy makers are in a race against time to flesh out their strategy for encouraging the development and adoption of cloud services in Europe. But with so many different stakeholders to satisfy and so much at stake — almost €1 trillion in estimated economic benefits for example — the risk of failure is high.

The potential prize is the creation of a single market for cloud computing that allows European businesses to participate globally in the digital era. But it could all go off the rails in a matter of months.Speaking at the EuroCloud Congress in Luxembourg earlier today, Andreas Tegge, vice president of EU government relations at SAP, warned of the risks if the cloud industry fails to produce answers to the policy makers’ concerns:…

“It can go wrong, creating regulatory burdens that will stifle the development of cloud computing in Europe. We have to get our act together to make sure this goes in the right direction … “If we do not get our act together, the Commission will act and impose regulations on us.”…

Read more from the source @ http://diginomica.com/2013/10/16/high-stakes-threaten-eu-cloud-strategy/