The first FEW massive security breaches of some major internal system will put an end to the "cloud" computing model for several years. This is simply the ASP (Application Service Provider) model by another name. Cool marketing gimmick.
If banks can't guarantee the protection of their customer data, and major corporations with ON PREMISE solutions are periodically hacked, I'd sure like to see the "cloud" do a better job with sensitive corporate data.
Like I said, just wait and see, the first MAJOR "Data Spill" (to coin a term from the current U.S. Gulf Coast BP Oil Spill) will have far reaching consequences for all of the "cloud" applications.
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