Cloud Computing, trusting it is like trusting your bank for your money

With whole new hype of cloud, I regularly get into discussions with others on the benefits and the concerns, and I always use the notion of banks and here is how:

Our money, our cash and our most valuable assets, where do we keep it? Simple, in banks. We take our hard earned money and deposit it in bank, and the driver is that banks are much better at securing our money that most of us. When we take our money via an ATM for example, we are not getting the exact ‘notes’ we put it. When we used our credit cards, we are not using our actual money, but we are getting the service that we need.

We also go to banks to get loans, and if you are a good customer, you will get you loan quickly, thus these loans allows us to scale.

Banks takes services chargers, and sometimes interest from us, and this how they make money.

The concept of banks has many similarities for cloud computing, with cloud computing, organizations take their infrastructure, platforms or even applications, and we deposit them in a cloud provider, we don’t really care where they are, as long as I can have access to them when I need them. And guess what? Real reputable cloud providers out there are most probably better at securing these applications or infrastructure that any standard organization.

Since cloud computing is about providing service to consumers, we as consumers can quickly ask our service provide to scale up our resources, and make more computing power available to us, when we need it.

And as banks, cloud services providers have an SLA, legal agreements, and policies needed for us to feel safe about our data.

But why do we trust banks, but still has issues with cloud computing?

Two things in my opinion, Banks are governed by public organizations (central banks for example), our trust with a bank comes from our trust with the government.

The second point is that banks have managed to create reputable brands that give the feeling of trust.

Finally, as banks, for us to be able to trust cloud services provider, they need to have local physical presence, I as a consumer will need to have the feeling that my cloud service provider is just across the street, govered by my government rules (irrelevant where my data or applications are)

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