Infosys Sees Great Potential Of Cloud Computing

Largest software exporter Infosys looking second big break in the cloud, but advocates need to develop a regulatory framework for it.

Kris Gopalakrishnan, Infosys CEO, said the Confederation of Indian Industry (CII) is preparing a draft policy and submit the same to the government next month.

Cloud computing enables the sharing of technology resources, software and digital information. It works on a model pay-per-use that helps companies reduce costs, because they do not need to invest heavily in infrastructure, reports PTI.

"ITC has prepared a draft paper on the possibilities of cloud computing and what should be a framework for policy in this regard. The possibilities are enormous for countries like India to provide services to citizens. And if we have the right regulatory framework so we can accelerate, "he told reporters on the sidelines of an event here.

He said that cloud services now represent about 3 percent of total revenues of Infosys and more than 10 percent if the cloud of products are also included.