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.