A new report compiled by Goodbody for Microsoft Ireland says Ireland should move quickly to establish a global cloud-computing centre of excellence. Cloud computing is an evolving industry that has the potential to create €9.5 billion in annual sales by 2014 and generate 8,600 jobs. The cloud computing market is estimated to be worth €40 billion by 2014.

Cloud computing moves technology infrastructure into data centres where information is managed, secured and delivered to users as and when they need it. Users of the site like Hotmail and YouTube use an application that runs on a remote server and which they access as and when they need it and from a personal computer or a smartphone.

'Cloud computing will revolutionise technology the way that the internet did,' commented Microsoft Ireland's managing director Paul Rellis.

'As this global industry is in its infancy, Ireland has a real opportunity to pioneer its adoption to create new jobs, new businesses and enhance our competitiveness while attracting foreign direct investment and creating new export markets,' he added.

'If the correct steps are taken now, Ireland could be home to the next Facebook or Salesforce.com. However, the race is on globally and if we do not act immediately, the opportunity will be lost,' he said.

Good news for Ireland...let's hope this incoming Government can deliver.

Source: RTE.ie and IrishExaminer.com

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