Cloud Wave to Hit Indian Markets; Will Create 1 Lakh Jobs in India

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As the next technology wave, cloud computing by enterprises has the potential to create about 1,00,000 new jobs in India, a study said. “Of the projected US $4.5 billion total cloud computing market in India by 2015, private cloud will account for US $3.5 billion, generate about 100,000 additional jobs and save about 50 per cent of cost of IT operations for Indian enterprises,” the study said.

The study called “Private Cloud Landscape in India” conducted by Zinnov Management Consulting and global IT firm EMC Corporation, revealed recently. In cloud computing, multiple servers are used as a single platform through a digital network (website) under secured environment with access to a range of applications and tools for reducing the cost of IT operations.

Spend on using cloud by information technology and back office firms, telecos, BFSI (banking, financial services and insurance), manufacturing and government organisations is set to increase to 8.2 per cent over the next five years from 1.4 per cent in 2010.

Though vendors with partnerships are better positioned to address enterprise needs, the survey noted that many Indian firms would have to invest in competency building to take advantage of cloud computing technologies as they were under-skilled in meeting the growing requirement.

Companies and organisations, which have not adopted IT so far or invested in data centres and server farms, will have the advantage of directly moving to the low-cost cloud model. The findings are based on a survey of over 100 Chief Information Officers (CIOs) and IT decision-makers in India across industry verticals conducted during January-May 2011.

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