12 March 2012: Spending on public and private cloud services is predicted to generate almost 14 million jobs worldwide between 2011 and 2015, according to a new report from the analyst firm IDC. The study, carried out in association with Microsoft, predicted that around half of these new positions would be created in China and India. More than one-third of cloud-enabled jobs will occur in the communications and media, banking, and discrete manufacturing industries. The report also estimated that the total amount spent on cloud last year was $28bn, compared to an overall IT spend of $1.7 trillion
Full story here.