As the previous posters have pointed out there are several issues associated with adoptation of cloud computing or even online storage.
Cloud computing CAN be very usefull in the development stages of product implementation, by I for one would NOT put my daily operations, or critical data in the hands of an entity that may or may not meet my stringent security or availability standards, and this includes the internet, the ISPs, the ASPs and the Cloud vendors.
As of now, Cloud computing can reduce the overhead associated with new product development and testing, but there is a long road ahead before I'd stake my business or my client's business on something that is named after one of natures most unstable formations.
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