Cloud computing sure is the "buzzword" now and a lot of people in the market seems to believe that cloud will bring about a huge change in the way everyone perceives IT (a mammoth process that goes on for a long time)
However, the
word "trust" is the key here. As far as the enterprises go, I feel it will take a long time for them to "trust" the cloud.
OTOH, for small players where security/privacy is not such a big concern, probably see a lot of cost benefits in moving to the cloud. The smaller time to market and IT maintenance overhead are the things that probably outplay minor security/privacy concerns in some sectors. This benefit is probably getting highlighted in the current financial crisis where people will get lured to things that can save money and fits into their idea of privacy/security.
I think cloud still needs to go a long way and the "trust" factor will come sometime down the line when established players gets into the cloud and the other follow them.
It promises
alot but lets see how much it delivers