The economy has had a dark cloud hovering over it since 2008. But a different may just save the economy.
Indeed, cloud technology is expected to create an incredible 70,000 new jobs across Canada over the next three years, according to a new IDC study released today. Vancouver alone will grow new cloud-related jobs by 20% annually to a whopping 6,000 by 2015.
That should actually come as no surprise, considering BC's tech sector now employs more people than forestry, mining, and oil sectors combined and that 3,000 new tech jobs are forecast for this year alone. Globally, the cloud will spur the creation of millions of new jobs as the technology trend takes over the world.
IDC says that more than $28 billion was spent on cloud services worldwide last year, and the cloud helped business generate $400 billion in additional revenues. This resulted in 1.5 million new jobs last year.
“By harnessing the power of the cloud, businesses benefit from reduced fees and equipment costs, and in turn free up IT staff to turn their focus to more mission-critical and strategic tasks,” says John Weigelt, National Technology Officer, Microsoft Canada. “But we often overlook one of the cloud’s most compelling benefits: by empowering business innovation and increasing revenues, using cloud technology can lead to job creation across all sectors, and in turn, drive Canada’s economy forward.”