Peter Wolchak recently wrote this article about how cloud computing is steadily creating new jobs around the world.
Cloud computing will create almost 14 million new jobs worldwide by the end of 2015, with more than 70,000 of those being created in Canada. In Toronto alone, the growth of new cloud-related jobs will average 20 per cent annually, resulting in more than 14,500 by 2015. Those numbers are from an IDC study commissioned by Microsoft, which said in a report that these impressive numbers will be generated because the cloud is "so cost-effective that businesses of all sizes are moving away from the expensive maintenance of legacy systems, and instead opting to build on top of the cloud's common infrastructure."
Currently, IDC said 75 per cent of worldwide IT spending is tied up with the maintenance of legacy systems and routine upgrades.
The study also concluded that:
- In 2011, more than $28 billion was spent on cloud services worldwide
- In 2011, the cloud helped businesses around the world generate more than US$400 billion in additional revenues and 1.5 million new jobs
- More than 50 per cent of those jobs were in small and medium businesses
- By 2015 in Toronto, businesses with less than 500 staff will see an increase of more than 6,300 new jobs; larger companies will increase by more than 8,100 jobs.
To view the article on Backbone Magazine, please click here.