The Cloud is Robin Hood: it is bridging the gap between rich and poor
November 26, 2012
Grazed from VentureBeat. Author: Christina Farr.
Who would have thought that cloud computing would be the modern day equivalent of Robin Hood? In a report published by the University of San Diego, Unlocking the Benefits of Cloud Computing for Emerging Economics, researchers found countless benefits in increased global access to cheap data storage and processors. The authors intimated that in the future, cloud computing technologies will be an economic stabilizer.
Cloud-based technologies have experienced explosive growth in recent years, and evidence suggests they they will continue to grow. By 2014 Gartner predicted that 60 percent of the world’s server workloads will take place on virtualized cloud servers. It’s great news for vendors and businesses, but what does this mean for people in countries like India, Mexico and South Africa?…
The researchers make the case that cloud computing is keeping the cost of storing information down, and is making broadband faster as more people can access it. In combination, these two factors will enable people in the low-and middle-income bracket to enter into the competitive global economy…
Read more from the source @ http://venturebeat.com/2012/11/25/the-cloud-is-robin-hood-it-is-bridging-the-gap-between-rich-and-poor/