This document discusses the benefits and challenges of cloud computing. Key points include:
- Cloud computing provides significant cost efficiencies through massive economies of scale, with storage, bandwidth and computing power increasing dramatically over time at lower prices. However, issues around trust, bandwidth limitations and cultural acceptance must still be addressed.
- Trust in cloud providers to protect privacy and security is a major challenge, though techniques like differential privacy aim to anonymize personal data. Bandwidth constraints also remain for large data transfers. Significant cultural changes are still needed for full adoption.