WHAT IS IT?
Cloud technology’s potential is said to be enormous: it should make work more flexible, faster and more productive, save start-ups from having to build their own infrastructure and offer private individuals more convenience. Experts from the management consultancy McKinsey believe that companies have not yet begun to exploit the enormous potential but are still scratching the surface.
In 2030, they expect more than a trillion dollars in potential run-rate earnings (EBITDA) for Fortune 500 companies alone – mainly due to potential savings and new business opportunities. The number will even rise, they say, as the cloud enables the adaption of emerging technologies such as blockchain and “augmented reality”. That means workers in the field are in hot demand. According to the Korn Ferry Institute, there will be a shortage of around 4.3 million IT specialists in the technology industry in 2030.