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I have my companies system in the cloud.
Order Processing
Sales
Purchasing
Stock
Warehousing
So far so good.
Then the Local Utilities pull up outside the company offices and start digging up the road and bang! go right the the main telecommunications cable.
What use is the cloud now? The whole company grinds to a complete halt.
There are too many points of failure to put your companies crown jewels into the cloud.
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This has nothing to do with the cloud, if they cut the comms and power your stuffed no matter where your data is! I think it has to be data security that is going to be the major issue.
Never underestimate the power of human stupidity
RAH
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The cloud is very much a concern in the areas of privacy and security. And just like Diebold voting machines in a Republican district, they can be very insecure and easily hacked. Just take the example of Amazon.com
I do believe that security and privacy concerns are slowing and hindering cloud adoption
Sincerely Yours,
Brian Hart
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(Well, it is coming to panto season)
Our issue is customer data security. I suspect we'd be in breach of law if we surrendered the data to a 3rd party's care.
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U. S. federal regulations require that we keep a very tight rein on who has access to our data. If we do not have complete control of the data, we can be held liable for any breaches. What little we provide to our field reps, we (meaning I) provide through our web site, using SSL and a server physically located behind a locked door next to my office.
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You have definitely been listening to Rihanna too much... 
Ideological Purity is no substitute for being able to stick your thumb down a pipe to stop the water
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It took me a bit longer than I'd like to admit to get that reference.
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Seriously, how is "Money" not one (or two or three) of the options?
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I was thinking on money entering the wallet, but you are right, less money exiting is also more money in the wallet. 
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it is a foggy concept, but then how would one make best use of all those mobile devices, personal assistants, everything-but-the-kitchen-sink gadgets you can even use to make the odd phone call?
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What used to be called a client server app is now called a "cloud" app
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Well, sort of... not exactly... but it does amaze me how many people don't want to use the "server-client" model anymore when it's all around.
Which brings me to my next point, I hate buzzwords...
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Hear, hear!
Espen Harlinn
Senior Architect, Software - Goodtech Projects & Services
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My 5 
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I work in the financial sector [you know, that bit which looses everybody else's shirts] and there is no way we could ever run our systems in the cloud.
Customers need fast and reliable lines of communication. I can not see the cloud [cuckoo land] providing dedicated and secure leased lines. Where will the physically be?
In some markets, the hardware running the software must be located within the legal jurisdictional of the regulatory body. I can see that one working.
A key selling point [for us] is the length of line. The closer we can get a server to the exchange, the quicker an algo can trade. Distance to the London Stock Exchange's servers from Ulan Bator compared to the next door building.
Our customers pay service providers for every connection to access them. Ignoring leased lines, how would we be able to quantify this?
I'll stick to my own data-centres thank you very much.
Panic, Chaos, Destruction. My work here is done.
Drink. Get drunk. Fall over - P O'H
OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre
I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer
Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
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Nagy Vilmos wrote: I work in the financial sector
Now I understand the "need" for a £1000 suit. 
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No fair. I pay £400 for the £1,00 suit and the need for the good suits is that Mrs Wife likes me looking good.
Panic, Chaos, Destruction. My work here is done.
Drink. Get drunk. Fall over - P O'H
OK, I will win to day or my name isn't Ethel Crudacre! - DD Ethel Crudacre
I cannot live by bread alone. Bacon and ketchup are needed as well. - Trollslayer
Have a bit more patience with newbies. Of course some of them act dumb - they're often *students*, for heaven's sake - Terry Pratchett
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Apart from legislation changes (very frequent in my sector) why would you spend time and money writing something that isn't wanted by a custom or a potential customer - I am not talking about scrapping innovation, but writing any app for the sake of it is just plain daft.
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I have less than 3 yrs experience in the industry and cloud seems to be *the* technical buzzword....heck, even the managers talk about that.
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Really depends on the industry... another popular buzzword seems to be SOA (service oriented architecture). Look it up and look smart when they ask...
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This being the ONLY valid reason IMHO.
Never underestimate the power of human stupidity
RAH
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Remember back in the Bad Old Days(TM)?
When computers were hulking great boxes in sealed, humidity controlled and air-conditioned rooms, ruled by the BOFH?
When your data was at his mercy, and if you had any problems, your chances of getting it sorted on a Friday rested purely on when you had last bought him a shed load of beer? and when you were likely to do it again?
Remember when the PC came out, and we all moved to a distributed model? With each user having a local (fast) processor, and a local (fast) HDD? And we then centralised important data, within the company so we could control access, and backups, and disaster recovery?
Now along comes the cloud: Monolithic remote processing and storage, outside your company, run by the BOFH's kids. In probably a third world country (to make it cheaper) and with a grandiose Mission Statement that means diddly-squat. Hand over your data and applications to a company that you have never heard of, that was selected for it's extreme cheapness by the accounts department. Now what do you do when it fails? How sure are you that it was backed up well? Who has access to your data? How trustworthy are they? What are the chance they will disappear completely next week?
To heck with the cloud.
Ideological Purity is no substitute for being able to stick your thumb down a pipe to stop the water
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I'm definititely a founding member of the BOD(TM) Club. Maybe it's just Old Farts (by definition, members of BOD(TM)C) who don't trust the Cloud. And I'm known as the Eternal Optimist!
It’s not because things are difficult that we do not dare, it’s because we do not dare that things are difficult. ~Seneca
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