News: Cloud computing to create two million jobs in India

#Updates

Cloud computing to create two million jobs in India

A study commissioned by Microsoft and conducted by International Data Corporation, IDC, predicts that Cloud computing will generate some 14 million new jobs worldwide by 2015, and in India alone it will create over 2 million. The study points out to a strong linkage between cloud, innovation and entrepreneurship, and states that most companies look at migration to cloud computing as a way to free up existing resources and work on more innovative projects. In effect, freeing up budget allows organizations to shift some of their legacy work to the cloud and invest such freed budget in IT innovation that supports business innovation and in turn create new jobs.

The Microsoft-IDC study estimates that the revenues from cloud innovation could reach as high as $1.1 trillion a year by 2015 from $400 billion in 2011, where some $28 billion was spent worldwide on public cloud IT services (as compared to over $1.7 trillion of spending on total IT products and services industry) creating 1.5 million jobs.

The study predicts over two million jobs each to be generated in the communications and media and manufacturing sectors, followed by banking at over 1.4 million. Though there is no such break-up available for the Indian market, however the footprint is expected to be more or less similar to global markets.

Source:The Economic Times

Topics: Updates, Jobs, Talent Acquisition

Did you find this story helpful?

Author

QUICK POLL

Is technology the answer to new-age talent acquisition challenges?

On News Stands Now
q_auto,f_auto/v1560247231/mag-june-2019.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

In the next three years, 120 million jobs in the world’s 10 largest economies will need retraining or re-skilling. To adapt to this new environment and help shape it, employees need to embrace continuous learning. Amid these changes, HR needs to not think, act, or be like traditional HR; they need to understand their job is now “human transformation”. In this issue, we will focus on what HR leaders and organizations need to consider today to prepare for tomorrow.

Subscribe
And Save 59%

Subscribe now