Heads in the cloud: how worried should we be that so much of our data is in the hands of the few? – Telegraph.co.uk

Mirror, mirror on the wall, which is the fairest industry of them all?

In a world where so many companies are struggling, cloud computing stands out as that rare thing: a fabulous growth business that shows no sign of slowing down soon. Measured by market value, three of the worlds four biggest companies are now cloud providers: Microsoft, Amazon and Google.

Put together, these three alone are worth more than $2.8 trillion (2.2 trillion) and much of their value flows from the highly profitable businesses they have built storing and managing data on behalf of others on the public cloud.

As more and more organisations opt to shut down their own in-house data centres and plonkeverything on...

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Heads in the cloud: how worried should we be that so much of our data is in the hands of the few? - Telegraph.co.uk