Some of the largest companies in the U.S. are devoting greater investment funds to cloud technology, and creating more jobs in the process.
Amazon.com and Microsoft are investing billions of dollars in massive data centers that will enable them to utilize cloud technology, The Seattle Times reported. While many average companies lack the resources to take advantage of huge cloud networks, these leading companies and others like it – such as Google, Samsung and Volkswagen – have the added opportunity to create thousands of new jobs. Many of these include design and support roles, such as engineers and IT specialists.
The communities and regions surrounding these giant companies are benefiting from their expansion as well, the source noted.
“From a regional perspective, we’re certainly better off,” said Rob Haworth, a senior investment strategist at U.S. Bank Wealth Management in Seattle, in an interview with the source. “We see it clearly in employment growth, and all the ancillary industries in Seattle benefit.”
According to data from the Bureau of Labor Statistics, employment in computer systems design and related services is forecast to increase at a growth rate of 3.9 percent annually between 2010 and 2020, with an estimated 671,300 jobs added by 2020, The Washington Post reported.