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Cloud technology is among the fastest growing sectors of the IT industry. (Photo: Notat)

Prepare to invest billions in the cloud, EU warns businesses

Governments and industry should invest €45 billion in cloud computing by 2020 as part of an EU strategy to generate an estimated €900 billion in GDP and an additional 3.8 million jobs by the end of the decade.

The bold claims are spelt out in a draft leaked to EUobserver of the European Commission's long-awaited cloud computing strategy set to be released next week by Digital Agenda Commissioner Neelie Kroes.

Cloud technology involves data storage and processing across a range of ...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Cloud technology is among the fastest growing sectors of the IT industry. (Photo: Notat)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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