Although there have been hard economic times across the world for the past few years, a new study from the London School of Economics and Political Science said the development of cloud computing should promote economic growth, increase productivity and create a shift in the jobs and skills that will be required by businesses.

‘‘Cloud computing and the explosion in access to technology is impacting the character of work across industries, generating new skills demands, employment and growth opportunities," according to Jon Vassallo, vice president of EU Affarias at Microsoft, who underwrote the study. “LSE’s study underscores these phenomena using rigorous economic analysis that forecasts growth as a result of the transition to cloud technologies in two major industrial sectors - aerospace and smartphones."

Jobs will be created through fast growing, highly technological industries and will also be created through things such as construction, staffing and supply at data centers.

Cloud computing related jobs in the smartphone industry, for example, are set to see a 349 percent growth by 2014, according to the study. This is huge in comparison to the 52 percent job growth in aerospace.