The Economic Consequences of the Diffusion of Cloud Computing

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Executive Summary

Cloud computing is an emerging General Purpose Technology (GPT) that could provide a fundamental contribution to efficiency in the private and public sectors, as well as promote growth, competition, and business creation. It is an Internet-based technology through which information is stored in servers and provided as a service and on-demand to clients. The impact of cloud computing on both households and companies will be substantial. On one side, consumers will be able to access all of their documents and data from any device (the home or work PC, the mobile phone, or an Internet Point, among others), as they already can for email services or social networks.

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