The cloud is the future. It will reduce costs, carbon footprints, etc.
At the expense of vendor tie-in. Its almost like we've gone full circle, from, in the old days, having to buy
everything from IBM, to open systems, and now, back to, having to buy
everything from the same vendor. How many businesses are willing to tolerate having everything off-site, and locked into proprietary systems that aren't even operated by their own staff? Entire businesses would be held hostage that way to their IT vendors, and have very little control over whether the data is being sold to their competitors, or worse, being sold to foreign governments.
Conceptually, outsourced computing sounds like a good idea, but in reality, it falls flat on its face. And suggestions that 'clouds' are magically easier to program, like 'point and click', are just ludicrous and show a complete lack of understanding of the underlying technology.
This is the start of the end of Microsoft, commercial real estate, and eventually most programmers and IT staff.
A complete exxageration, and anyone who spreads or even believes such nonsense has absolutely no business either working in IT, or making IT decisions.