Cloud computing is the hottest trend of 2012. At tech conferences around the world, it is making a name for itself by being the biggest buzzword across the infosphere. At one particularly impacting South by Southwest session, Morphlabs founder and CEO Winston Damarillo discussed the revolutionary impact of cloud computing on a global scale. He explained that the cloud has the potential to “turbo-charge entrepreneurship in developing nations around the world” without the need for additional hardware, software, and other resources, thereby maximizing the available assets and minimizing cost. Damarillo concluded that such a global networking system of cloud computing would also encourage economic and social growth.

It seems that Damarillo’s dream of a global cloud revolution is not entirely out of reach. The cost of storage has been dropping down steadily, meaning that the sheer volume of cloud storage systems has skyrocketed in mere months. With many companies inside the United States fuelling the initial spark for this budding industry, many international markets are starting to follow suit. Several countries have shown an interest in developing widespread cloud data centers to better serve their communities and solve data solution problems. The cloud market has begun to expand globally, according to market research. Recently, China announced plans to build a 7,800 square meter complex – aptly named “Cloud Valley” – where they will house more than 1,000 cloud servers. China expects this will cause a substantial growth in their cloud market as well as help develop the technology in the industry further.

With a global cloud network, companies will easily be able to expand their outreach and the public will have quick access to important information. Such a widespread networking can only bring growth and a positive impact on the economy. Clearly, the ultimate goal is to develop cloud data centers on global scale that can be made as efficient as possible for everyone.