Cloud Computing: Taiwan’s Next Trillion Dollar Industry

Cloud Computing: Taiwan’s Next Trillion Dollar Industry

The same way that Europe and America dominated the business world for the last century, Asia is expected to hold sway over the next. From the BRICS nations of India and China to the Tiger Economies of Hong Kong, Singapore and Taiwan, Asia’s dominance of global business is considered inevitable. Therefore, it is no surprise that cloud computing, as the future of Information Technology, has found favor in the continent (and extensive coverage on Cloudtweaks).

1. Is India The Next Cloud Computing Superpower?

2. The Chinese Dragon and Cloud Computing

3. Where Does Europe Stand On Cloud Computing?

4. UK Lags Behind Other European Nations in Adoption of Cloud Computing

5. How India Stands to Gain from Cloud Computing

6. Cloud Computing in the Middle East

7. Your Data in Australia is subject to the US Patriot Act

8. The New Chinese Cloud OS

The focus of today’s article is Taiwan, one of the aforementioned Tiger Economies. Some of you may have been surprised by the title of this article, considering that the US, the largest economy in the world, is expected to be only around $13 billion by 2014 (See: Where Is Cloud Computing Going? Up, Up And Away! ). That is because the figure mentioned is not in US dollars (USD), but New Taiwan dollars (NTD). Considering that 1 NTD is equivalent to 0.03 USD or 3 cents, a trillion NTDs come to around $30 billion, which by all accounts is still positively gargantuan.

This is the figure that the Taiwanese government mentioned as the targeted production value in its “Cloud Computing Industry Development Program”, launched last year to set goals for investment in cloud computing over five years (http://www.cepd.gov.tw/encontent/m1.aspx?sNo=0013812). While this figure may seem overly optimistic considering comparable numbers for the US which has 25 times Taiwan’s GDP, “production value” seems to be defined as the net economic impact of cloud computing and not necessarily its market. Hence, the projected cloud market may be much smaller.

At the same time, there’s no denying the immense possibilities for this technology on this island state. The government is an enthusiast and is backing “government-to-consumer (G2C), government-to-business (G2B), and government-to-government (G2G) cloud services.” The Ministry of Economic Affairs (MOEA) is also trying to project Taiwan as an ideal location for fostering cloud computing and has announced three major strategies for the industry: autonomous supply, demand creation, and integrated governance. It is also establishing a Cloud Computing Industry Promotion Office to help domestic companies participate in government projects, link the cloud computing industry and government application services together, and carry out integration of services across ministries.

Taiwan, in spite of its small size and burgeoning tensions with China, is a recognized as a world leader in manufacturing anything related to computers – chips, laptops, desktops, etc. Even the world’s favorite Apple iPhones and iPads are built by Foxconn, a Taiwanese company. With the rise of cloud computing, Taiwan may assume a leadership role in the service aspect of computing as well.

By Sourya Biswas

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/

Sorry, comments are closed for this post.

Recent

Wearable Tech Jobs Of The Future

Wearable Tech Jobs Of The Future

Wearable Tech Jobs Wearable Technology is a very exciting industry and the sky’s the limit with new possibilities for businesses and consumers. The new technologies will make our lives easier in terms of convenience, while in other ways more complicated due to learning curve of each new product. Lets take a look at wearable tech in…

How M2M Differs From IoT Internet of Things

How M2M Differs From IoT Internet of Things

What Is M2M Machine To Machine? When it comes to communications between machines, the terms Machine to Machine (M2M) and the Internet of Things (IoT) are seemingly similar to each other. In fact, there is a very strong connection between both terms which is why they are often used as the same. However, that is…

Cloud Infographic – Top Vulnerable Applications

Cloud Infographic – Top Vulnerable Applications

Top Vulnerable Applications  As you use the Internet on a daily basis, you probably come across cyber security topics, but rarely glance at them twice. After all, cyber security threats don’t concern you, right? Well, that’s not exactly true. Cyber attacks are more widespread than you can imagine and they may be targeting your devices as…

Popular Archives

5 Ways CIOs Can Tackle Cloud Fears

5 Ways CIOs Can Tackle Cloud Fears

5 Ways CIOs Can Tackle Cloud Fears  CIOs are tired of hearing about cloud computing concerns. They’ve spent years reading about how cloud resources are subject to risks, and wonder – what can they do to help people trust the cloud?  The truth is that despite being a hot issue for years, the topic of…

The Cloud In 2015: Eight Trends To Look For

The Cloud In 2015: Eight Trends To Look For

The Cloud In 2015 For organizations of all sizes, in 2014 the cloud emerged as a critical part of the default consideration set when implementing any new application – in large part due to the cloud’s proven ability to handle data storage and processing demands in an elastic manner, improved verifiable standards around data security and…

Sponsors

The Many Hats Of Today’s IT Managers

The Many Hats Of Today’s IT Managers

The Many Hats of IT Managers In years past, the IT department of most large organizations was much like a version of Middle Earth: a mysterious nether world where people who seemed infinitely smarter than the rest of us bustled around, speaking and typing languages that appeared indecipherable, yet, which made our world work. They…

Selling Your Business To Your Employees

Selling Your Business To Your Employees

Mobility For Your Employees It may seem a radical notion, the idea of selling your business to the people who work for you, but this is the era in which we now work. Employees of all levels are all incredibly aware of their options when it comes to mobility and employability. This doesn’t mean that…

Technology Sponsors

hp Logo CityCloud-PoweredByOpenstack-Bluesquare_logo_100x100-01
cisco_logo_100x100 vmware citrix100
Site 24x7 200px-KPMG

Established in 2009

CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

CloudTweaks Comic Library

Advertising