Cloud Computing - Computing with less Risk - The Berkeley View

Michael Armbrust et al., Technical Report
The authors posit that cloud computing has the potential to transform the IT industry by creating computing services with less risk of over- or under-provisioning based on fluctuating demand and by creating an elasticity of storage and processing resources.
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However, any time you decrease risk in one area – you simultaneously increase risk in another – so the questions is what risks do we increase with cloud computing?

Berkeley Report