French banking sector identified as cloud beneficiary

Close to 190,000 jobs are likely to be created by cloud computing in sectors such as banking in France between 2011-2015, according to a report published by the Invest in France Agency.

The findings are based on work done by Microsoft, which predicts public and private sector cloud IT services are likely to generate about 14 million jobs globally over the period.

The Agency points to examples such as the Andromède Cloud project, which has received €75m in government support and is two-thirds owned by Orange and Thales.

The objective is to create industrial cloud computing “in a booming market that is currently dominated by major US companies.”

A further €75m of government money is likely to be directed towards another project developed by French IT services firm Bull together with SFR.

Another company, Atos, has now joined forces with two US companies, EMC and VMWare to create its own company in the market.

“As such, cloud computing is currently a sector full of surprises that deserves to be closely monitored over the months ahead,” the Agency said.

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