Storing Apps on a Big Server in the Sky--What's Not to Love?

The idea of storing data and applications on the internet rather than on your hard drive has failed time after time. Whether it's call "on-demand computing," "grid computing" or "software as a service," many consumers have not been quick to give up boxed software for internet applications. They especially had no interest in saving documents on a remote server.
That was then. The idea now is called "cloud computing," and it's starting to gain traction.
Storing data "in the cloud" means no longer having to transfer a file from desktop to laptop via a thumb drive, network connection, disk, etc.
Also, while a failed hard drive means an afternoon of reinstalling the operating system, your files are safe on some big server in the sky.
What's not to love?
Source: News Factor