How Cloud Computing Can Create Jobs “Few companies that installed computers to reduce the employment of clerks have realized their expectations…. They now need more and more expensive clerks even though they call them ‘operators’ or ‘programmers.’” – Peter Drucker (1909-2005), American management guru and author. As Peter Drucker wrote, new technologies do not reduce employment; they simply raise the level of skill required to be employed. Those who can change, prosper; those who can’t, have to settle for low-paying jobs or join the ranks of the unemployed. Take IT maintenance for example. With cloud computing, businesses will no longer
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Cloud Growth – Cisco posts 79 percent jump in quarterly profit
by cloudtweaks on August 12, 2010
in Business, Cloud Computing, Invest, IT, Stocks, Technology, Trends
Cisco Systems CEO John Chambers on Wednesday reported strong revenue and profit — as well as thousands of new hires around the globe, including hundreds in San Jose — but his upbeat comments came amid “mixed signals” from customers nervous about the wobbly global economy. On a day markets plunged on worries about a stalling economic recovery, Cisco, the San Jose maker of the plumbing for the Internet, reported a $1.9 billion profit for its fourth quarter, a 79 percent increase from the same period a year earlier. Earnings were 33 cents a share, or 43 cents a share excluding
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