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Edition: U.S. Article Comments (0) Global Technology Summit Mobile generation upends tech AT&T plans consumer security service for 2012 Samsung sees better LCD performance; no big investments Dodd-Frank hurt mobile payment system plans: AT&T Social network Viadeo shelves IPO plan AT&T: No room for both Clearwire and LightSquared Comment: Stay tuned for “Streak” Follow Reuters Facebook Twitter RSS YouTube Read Strauss-Kahn lawyers see alibi in sex case: report 11:25am EDT Strauss-Kahn sex case throws open French election 11:25am EDT Analysis: Palestinian "Arab Spring" confronts Israel on borders 8:36am EDT Sex, lies and the reckless choices of the powerful 15 May 2011 Senator Kerry warns Pakistan on frayed U.S. ties | 11:41am EDT Discussed 132 Son says bin Laden sea burial demeans family: report 89 Texas county official says ”stupid” feds sparked fire 74 Israel-Palestinian violence erupts on three borders Watched Fire ants form rafts to defy floods Tue, Apr 26 2011 Strauss-Kahn shockwave hits France Sun, May 15 2011 Boot camp for rebels in Libya Sun, May 15 2011 EU seeks to maximize cloud computing potential Tweet Share this BRUSSELS (Reuters) - The European Commission called on Monday for contributions to an EU strategy on cloud computing, saying the remote technology could bring savings as well as huge revenues to the 27-member bloc. The EU executive said cloud... Email Print Related News Solar plane makes maiden international flight Fri, May 13 2011 Greece needs more measures to meet bailout terms: EU Fri, May 13 2011 IMF warns EU debt crisis may still spread to core Fri, May 13 2011 Clashes in Greece as EU and IMF start key visit Wed, May 11 2011 EU paymaster Merkel guarded on new aid for Greece Tue, May 10 2011 Analysis & Opinion Sony not out of the woods Tech wrap: Yahoo battle with Alibaba heats up Related Topics Technology Home » Media » Stocks BRUSSELS | Mon May 16, 2011 10:32am EDT BRUSSELS (Reuters) - The European Commission called on Monday for contributions to an EU strategy on cloud computing, saying the remote technology could bring savings as well as huge revenues to the 27-member bloc. The EU executive said cloud computing could generate 35 billion euros ($49 billion) in revenue in Europe by 2014 and the right regulations could help business and government make considerable savings on their costs by using the technology. "We need a well-defined cloud computing strategy to ensure that we make the best use of this potential," Neelie Kroes, the EU commissioner overseeing digital technology in the EU, said in a statement. Cloud computing, which allows remote access to computing power and data over the Internet, can drive down costs and save energy through more efficient use of hardware and software. The technology allows services such as Google's Gmail and Yahoo's Flickr photo management site to store data remotely. The Commission consultation aims to address concerns the technology generates, in particular over matters of privacy and jurisdiction, such as who owns the information and who bears responsibility for how EU legislation is applied. Boosting the use of the technology by small and medium-sized businesses and creating more standardization are also part of the Commission's consultation, which is open until the end of August. The EU executive is expected to present a European cloud computing strategy next year. (Reporting by Christopher Le Coq; Editing by Rex Merrifield and Peter Graff) Technology Home Media Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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