According to a Microsoft report, cloud computing could create around 8,600 jobs in Ireland by the end of 2014.
The report, complied by Goodbody Economic Consultants, states that if the government moves quickly Ireland could be established as a global Cloud Computing Centre of Excellance, bringing in around €9.5bn in annual sales per annum by 2014.
In addition, because cloud computing lowers costs to businesses, by migrating to the cloud the report estimates the establishment of an additional 2,000 new non-IT small and medium businesses employing 11,000 people.
Early adoption of cloud computing by Irish users will take costs of €0.5bn per annum out of Irish organisations.
Cloud computing is location-independent computing whereby servers provide resources, software and data to computers and other devices on demand, and Microsoft has stated numerous times over the past year that it'll change the way business is done over the internet, as well as in the public sector.
Furthermore the report also presented a number of recommendations to ensure the opportunity was grasped.
These included government support for a Cloud Cluster Programme to attract FDI and provide access to new markets and a high profile government cloud computing project to showcase Ireland's expertise globally
Microsoft's pushing the Irish government to go ahead with the plans, even going so far as to say that the country could miss out on producing the next Facebook-like success if they don't move ahead with the plans quickly. While this could be true in both monetary terms and in the jobs that could be produced, we're sure Microsoft won't go shortchanged either.