The adoption of new technologies such as cloud can lead to increased efficiency and higher productivity, as they eliminate the need for users to own or operate physical data centres and servers by themselves.
The adoption of cloud services by businesses and the public sector will enable cost savings, risk mitigation and support greater scalability, thus lifting productivity and supporting job creation. Google’s cloud services could also support broader benefits, including facilitating more efficient delivery of public services, addressing challenges around sustainability, and supporting small business growth.
In a recent study commissioned by Google, AlphaBeta (part of Access Partnership) estimated the productivity gains to the economy arising from establishing a Google Cloud Region in Israel. Key messages from the study include:
- The Google Cloud Region in Israel is estimated to contribute a cumulative USD7.6 billion to Israel’s GDP between 2022 and 2030, and support the creation of 21,200 jobs in 2030 alone.
- Increased investment in cloud technologies by the public sector between 2022 and 2030 is estimated to have an effect equivalent to higher public health spending of around USD1.3 billion annually.