One of the things that I really love about the technology sector is the ability to transform itself over and over again. Maybe it’s the nature of innovation, or maybe it’s the nature of the people who drive innovation. For whatever reason, we seem to be able to adapt to market shifts much faster then any other industry. So, when I wake up to see that the Silicon Valley unemployment rate has hit 9.4%, I am immediately hit with a strong sense of empathy for all of the people and families that are dealing with these epic times. But, I am also bolstered by our own industry’s employment history that we in technology will take the hit and then adapt much faster than most every other market. For example, Geva Perry wrote a terrific blog on some research he has been doing on cloud computing. See http://gevaperry.typepad.com/main/2009/03/cloud-computing-jobs-a-leading-indicator.html. Geva found that over the past several months there has been a huge spike in new job postings that referenced cloud computing. So much so that there were over 27,000 new jobs posted in February alone. Thats 27,000 NEW JOBS in a market that did not exist two years ago, and even more amazing that it’s being done into a stiff “wind” of a 9.4% unemployment rate. So maybe there is something to the thought that innovation will drive us out of this recession It may also suggest that cloud computing is that innovation. After all, up until yesterday who even knew we had a Chief CTO in the Federal Government let alone one that says he is a huge fan of cloud computing.
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About the Author
As CEO of SOASTA, Tom brings more than 30 years of experience building early stage software companies, leading two companies to successful IPOs. Tom is a regular speaker at both cloud and testing events, and has become a leading advocate in using the cloud to empower individuals and accelerate changes in how applications are built, tested and deployed. Most recently, Tom served as President and CEO of Kenamea. Prior to Kenamea, he was CEO of Dorado Corp., a financial services software provider. Previous to Dorado, he was EVP of Sagent Technology through its 1999 IPO, entrepreneur-in-residence at Crosspoint Venture Partners, and held executive positions at Digitalk Corp., Knowledgeware (KWI) and Encore Financial Services. Tom also serves on several boards in the Silicon Valley.