Any organisation which sees the news from 2e2 or the Heroku story from earlier today
and still trusts their corporate data retention and processing functions to 'the cloud' deserves all of the crap which will inevitably come their way.
Amazon's Redshift cloudy data warehousing service is now available for general consumption after a trial among blessed customers. The pay-as-you-go technology, which scales from around 200GB into the petabyte range, represents a direct threat to the warehousing divisions of IBM, Oracle, Teradata, and EMC (Greenplum). Redshift …
For small to medium businesses, I'd suggest this a great way to expand without the capital out lay of your own data centre. If you understand and mitigate the risks, as best you can, then it can be treated it like any other layer of storage, with associated pros and cons. Anyone who uses it without that understanding the risks is foolish, in my humble etc.
Whose home? Are there children, pets, or hungry velociraptors on the premises?
Whose safe deposit box? How much does it cost p.a.?
And who gets to whizz around on the company Segway to do the incremental updates from a USB stick?
I'm no fan of fluffy clouds for cloud's sake, but for low risk businesses who are just archiving to meet DP regs, offsite storage is a reasonable penny-pinching option.
(As long as there's a filter in the plughole that's capable of catching babies)