The following are excerpts from an article on ZDnet quoting the European commissioner for telecoms and media, Viviane Reding.  Speaking at the unveiling of the Commission’s Digital Europe strategy on Thursday, Reding said:

“99 percent of EU firms are small to medium-sized enterprises (SMEs), but only nine percent of them use electronic invoices and only 11 percent have IT-based human resource management.

“If SMEs could access computing power over the web, they would no longer need to buy and maintain technologies or IT applications and services,” Reding said. “Such web-based services — called cloud computing — are the medicine needed for our credit-squeezed economy: they can make businesses more productive by shifting from fixed costs (for example, hiring staff or buying PCs) to variable costs (for instance, you only pay for what you use).”

Reding added that efficiencies brought about by cloud computing could “lead to electricity savings in computing activity of up to 80 percent”.

Full article here.

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