Everyone in the U.S. seems to be talking about our economy. It’s in poor shape. We’re spending billions on wars and bailouts. Job loss is on the rise (with 1.2M jobs lost so far in 2008), home sales are losing ground, and we’re in a leadership transition that leaves some people feeling in limbo.
So, what does the economy have to do with cloud computing? I think the better question is “What can cloud computing do for the economy?”
There is a new business trend emerging — one that begins with a partially or completely outsourced cloud IT infrastructure. Some businesses are cropping up that could not exist without cloud computing. Why? Because if they needed to put in place a viable IT infrastructure, they couldn’t afford to open the doors, especially if they do not have enough cash to fund their idea or they fail to get a venture capitalist interested in chipping in. Cloud computing allows these very businesses to open shop without a big outlay of cash, take less risk, be more agile, experiment until they find success, and grow much faster and more independently than their predecessors.
I believe this new generation of business will take hold and take off — and that this will take us into the “cloud economy”. Here’s a spreadsheet that explains a bit of the thought process.
Discuss amongst yourselves. Part 2 will be delivered shortly.