I've been around long enough to see fads come and go. This "cloud" crap that we keep hearing about is just that...another fad. I can see some small and even medium sized companies embracing cloud computing...for a limited set of tasks. I work almost exclusively with large companies and none of them, and i mean none, are ready to dump their internal IT staff to just throw it up into the "cloud" and hope everything works out. There is simply too much at stake for them.
True. Anyone who has been around for a long while sees the same discarded technology pushed to the forefront again and again, often being forced to relearn the same lessons.
We hired service bureaus, then we got our own terminals, then we got our own mainframes, then we got departmental mini-computers, then company wide mainframes then PCs, then file servers, etc etc etc.
This isn't always bad, mind you. New technology can make old ideas better.
I've watched State government division directors railing red-faced in rage at an IT director that overwrote years of backup tapes.
I've also seen entire offices lose everything to a worm.
If data has that much value, no rational person would entrust it ONLY to cloud. Still I can and do see the cloud treated like a long piece of CAT5. Most rational cloud users only use the cloud this way, as a pathway to distribution, not as the ultimate or only means of storage. In this way it works fine.
What is missing is strong encryption of cloud data. When the feds can demand all of your data with nothing more than a rubber stamped national security letter, and you are never told about it, putting anything on the cloud without client side encryption is stupid.
Unless, of course that data is public knowledge anyway (stripped of private identifiers etc). And in that regard, much of government data is (or can be made to be) of this type. In which case the cloud is a good way of freely distributing it.
Just don't rely on it for storage.