True risks are largely unknown at this time. "The cloud" to me is akin to the derivative financial instruments. They said that nothing can ever go wrong with de

True risks are largely unknown at this time. "The cloud" to me is akin to the derivative financial instruments. They said that nothing can ever go wrong with derivatives. However as a professional I can envision many Black Swan type events that would bring down the cloud. Asking Google et al about the quality and safety of the cloud is akin to asking your drug dealer about the quality of the drugs you are buying. That is not to say that the cloud and complex derivatives should be avoided. However on should always hedge their bets.