As usual, I completely agree with David's Linthicum view that cloud computing will not replace enterprise computing. From his blog:
Cloud computing does not replace enterprise architecture. It does not provide "infinite scalability," it does not "cost pennies a day," you can't "get there in an hour" -- it won't iron my shirts either. It's exciting technology that holds the promise of providing more effective, efficient, and elastic computing platforms, but we're taking this hype to silly levels these days, and my core concern is that the cloud may not be able to meet these overblown expectations.
Although more and more companies will prefer to migrate services into the cloud and only pay-for-what-you-use, it will not be applicable for every situation, especially when it comes to critical data. Regulated data, like HIPPA and financial data, will probably not be sent to the cloud - at least to not a public cloud provider. However, as time passes, more and more vertical cloud providers will emerge that can address specific needs of individual companies.
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