Direct correlation between cloud adoption and GDP growth

A new report from AWS shows that for every 1% increase in cloud penetration, there is a 0.06% improvement in GDP growth.

from Amazon Web Services suggests that increased cloud adoption could unlock up to R3.9-trillion of economic value in South Africa over the next decade.

AWS said it commissioned US consulting firm Telecom Advisory Services to conduct the study from which the report was developed. The report found that productivity gains related to cloud adoption accounted for more than three quarters of the R14.3-billion that cloud technologies contributed to the local economy in 2021. The major correlation showed that every 1% increase in cloud penetration translates into 0.06% growth in GDP., the World Bank looked at the relationship between broadband internet and economic growth, which itself was a follow-up to a similar study from 2009.

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