Participants at a roundtable event this week said small and medium enterprises would be wise to overcome security fears and adopt cloud technology, potentially earning €1.2 billion in additional profits, EurActiv reports. Maurice van der Woude of trade group Eurocloud Europe says businesses simply aren't aware of the opportunities. André Richier, an official at the European Commission's Enterprise directorate, says educational schemes are needed, particularly targeting European business students. "We have problems with fraudsters, and we need to think about the regulatory regime and enforcement because, for companies, this is very important," Richier said. Others expressed that the European Parliament could legislate cloud computing soon.
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