There's a lot of talk in the media lately about Cloud Computing as a driver of employment in the US. [See this pieces by fox business below.] A word of warning about this analysis. While the writer here claims "11 cloud computing companies added 80,000 jobs in the U.S. in 2010, and the employment growth rate at these organizations was almost five times that of the high-tech sector overall," the writer does not appear to allow for analysis of what jobs may be lost in the process. A major driver of cloud is the unburdening of infrastructure duties from local teams working behind the firewall. Those are jobs that may not be preserved as we go through this huge transition to shared public infrastructure for more and more important applications. They call it creative destruction of a reason. So watch where you step.
Cloud computing has the potential to become a greater generator of jobs in the U.S. than the Internet was in its early years, a new study says. In addition to creating very large business opportunities and hundreds of thousands of new jobs, cloud services could also save U.S. businesses billions of dollars. The driving forces are the proliferation of mobile devices, swelling social media usage and the emergence of "Big Data," the study found.
The study, sponsored by enterprise software giant SAP, looked at the trends and indicators supporting the growth of cloud services and the ways cloud computing may create jobs. It found that 11 cloud computing companies added 80,000 jobs in the U.S. in 2010, and the employment growth rate at these organizations was almost five times that of the high-tech sector overall.
Companies selling those cloud services are projected to grow revenues by an average of $20 billion per year for the next five years, which has the potential to generate as many as 472,000 jobs in the U.S. and abroad in the next five years.