While cloud computing is far from a magic bullet for all your data storage and security woes, organizations are enjoying meaningful benefits in the form of cost-efficiency, on-demand scalability, heavy upfront capital shifted to recurring operational expenses, augmented resources and skills now at their fingertips, and more.
The predecessor to cloud, shared/multitenant computing, goes all the way back to our early history of using mainframes, including time-sharing, virtual machines and remote access. Cryptography and encryption techniques are nothing new to us; they’ve been used repeatedly throughout history.