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This is an interesting read, specially for those contemplating migrating to the cloud.
Risks of Cloud Computing
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This blog's focus is mainly on WebSphere Portal development, but will also cover things about java in general, VB.NET, etc., really anything interesting that has to do with technology.
Even though there are risks (as clearly stated in the article) the masses will still flock to cloud computing. The reason for that is because people are too lazy and cheap to maintain their own equipment. They see cloud computing as an easy way out, regardless of the risks.