Cloud computing could drive growth say business leaders

Cloud represents best chance to grow a business says Dragon's Den star James Caan.

Cloud computing

Cloud computing represents the best opportunity for entrepreneurs for years, according to ex-Dragon's Den star James Caan.

"A business could get off the ground these days with just 5,000 to 10,000's worth of funding," the entrepreneur said, speaking at the Ahead in the Clouds event in the City, part of the Global Entrepreneurship Week initiative.

Caan explained that he had become a convert to the cloud after completing an office move earlier this year.

"My IT team asked me what I thought about moving to the cloud. My first thought was what was the cost?' When I was told that it was 1,500 a month, I thought that a zero had been left off the figure. He added, as a reflection of this, that the online technology sector was one of the few areas where there were more jobs than people looking for them.

Endorsing Caan's comments, former cabinet minister and trade secretary Lord Young said there had never been a better time to launch a business.

Caan pointed out that online services had been greatly undervalued. "We're number one in Europe when it comes to online services and it would be the largest single industry sector in the UK if we tracked it."

And Eric Van Der Kleij, CEO of Tech City Investment added: "Very few sectors can offer low capital intensive growth as does the technology industry. The cloud and agile development tools mean ideas can be thrown up quickly to see if they work.

Featured Resources

Security analytics for your multi-cloud deployments

IBM Security QRadar SIEM solution brief

Download now

Five reasons to move to the cloud

Join the enterprises moving their workloads to the cloud

Download now

Architecting hybrid IT and edge for digital advantage

Why business leaders should consider a hybrid IT strategy

Download now

Six reasons to accelerate remote asset monitoring with AI

How to optimise resources, increase productivity, and grow profit margins with AI

Download now

Most Popular

How to find RAM speed, size and type
Laptops

How to find RAM speed, size and type

26 Feb 2021
How to connect one, two or more monitors to your laptop
Laptops

How to connect one, two or more monitors to your laptop

25 Feb 2021
How to use Chromecast without Wi-Fi
Mobile

How to use Chromecast without Wi-Fi

26 Feb 2021