Implementation of cloud computing to generate €160bn for EU economy by 2020
The IT cloud computing is expected to increase economic growth all through Europe and could deliver 2.5 million new jobs, according to a cloud computing strategy released by the European Union (EU).
According to the scheme, rapid deployment of cloud computing in both private and public sector lead to addition of €160bn to the EU economy or about 1% by 2020.
European Union Digital Agenda Vice-President Neelie Kroes said that the cloud is a different model for ICT services: with data or software stored remotely, and accessed online.
"It's a particular boost for small businesses, who get a more convenient, tailored, and flexible service," Kroes said.
"And cheaper too: most businesses using the cloud find they save ten to twenty percent of costs, or more. That soon adds up.
"And others can benefit too: like governments."
According to the report, the Eurocloud project is aimed at reducing power requirements by 90% in conventional data centres by deploying low-power microprocessor technologies normally used in mobile phones.
The report revealed that the EU required setting standards by 2013, approving EU-wide certification strategies and assisting creation of contracts to restore confidence in the users.
Amid cloud-computing being one of the rapid growing sources of carbon emission as the servers will be operated 24/7, the agency is offering funds to a scheme to 'green' the cloud by using new, enhanced technology.
The cloud could revolutionise public services, with more incorporated, effective services that would be offered at lower taxpayer expenses.
"But that will only happen if we get the policies right. Without the right policies, the economic benefits will be just a fraction of that," Kroes said.
"You shouldn't have to have a law degree to use the cloud. But today, many potential users think."