Monday, October 03, 2011 4:49:56 PM
While many businesses have recently adopted cloud computing services in an effort to improve efficiency and reduce costs, some countries are finding the technology to be an economic booster. Business Live recently published an article explaining that South Africa expects the cloud to bolster it's economy and create new jobs in high numbers.
Two economists, Mike Schussler and Jason Urbach, recently conducted a study to evaluate the potential economic impact of cloud computing on South Africa, should more businesses adopt the new technology, the website reports. They found that cloud computing could create 1,000 new jobs for every 80,000 existing jobs, at no additional cost to businesses or the country.
"Using cloud computing would reduce the amount of capital required for the operation of computers by about half of what it would otherwise have cost, as software would be rented," the economists explained in the report, cited by the source. "However, adopting cloud computing may increase broadband costs and that would mean the start-up costs would only be lower by about 25 percent."
According to Forrest Research, the cloud computing industry is projected to grow from $41 billion globally in 2011, to $241 billion in 2020.
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