Posted on 08/29/2013 3:20:58 AM PDT by Olog-hai
The European Commission will redouble efforts to promote EU-based cloud services this fall—including the urgent drafting of a new charter—amid mounting evidence that the US PRISM spying scandal may damage the global market share of US-based tech companies involved in the cloud computing sector.
In June and July 2013, the Cloud Security Alliance, an industry group, surveyed members and other cloud computing stakeholders about their reactions to the US PRISM spying scandal. One in ten of non-US residents responding indicated that they had canceled a project with a US-based cloud computing provider in the wake of PRISM, and 56% said that they would be less likely to use a US-based cloud computing service.
The Alliance predicted that US cloud computing providers might lose as much as €26 billion ($34.5 billion) by 2016, equivalent to the loss of 20% of its share of cloud services in foreign markets. …
(Excerpt) Read more at euractiv.com ...
Another gold star for the obama administration.
His destruction of the American economy continues on the fast track.
New era of trust! Reset! New relationship with the world! Hopenchange!
Thanks you Obummer.
I was curious who their partners were. Note that they include WWF, The Guardian & Open Society (soros.org):
http://www.euractiv.com/content-partners
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