2. "Enterprise clients need economically compelling solutions that help them run their businesses in smarter ways, while never taking their eyes off of security, resiliency and compliance," said IBM enterprise initiatives general manager Erich Clementi. Cloud computing leverages many of IBM's core strength ... and gives clients the opportunity to leverage cloud computing's considerable cost advantages, while maintaining the highest levels of integrity, responsibility and control."

3. Industry-tracker IDC projects that the cloud computing market will grow to 42 billion dollars in the next three years.

4. Profit vs. Problem (RISK) Open Source Copy Left or GNU Control over information environment Problems with Enforcement & Terrorists Legal Arrangements Judicial Implications vs. Borders Data outside bordrers – country risk Interpretation of Controls Control Requirements Conflict of Controls Disaster Recovery & Business Continuity But when your SP backups data – are you ok? PCI DSS, ISO 27001, 25999, Its all going to be over the Internet – DOS – How do you handle interruptions Moving from one SP to another SP – data formats – apps – too many questions unanswered SP becomes your baby SP – right to share with partners SP – stability & reliability Privacy World bank – satyam! IFRS & XBRL