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Sunday, February 17, 2013

When cloud computing act like a bank.

We have been using cloud computing for money for a very long time. We used to get interest on cash in our bank accounts. 

Now,  we pay fees every time we touch our account. 

Right now, cloud computing is mostly free. The owners of these systems are patient, and can hold out an entire generation while new habits form. Habits they can charge for in the future.

So, what do we do to prevent Google, SkyDrive and others from becoming  the  knowledge banks of the future and acting like our money banks of the present?

Slowly, all our information is being connected into networks, much like the cashless society creates an opportunity to cash in on our Cloud Banking habit.

When you can't live without  Google, "How much will you pay Google?" will be the only question.

Steve

And where is cloud banking going? Less bricks and mortar, more service charges (PDF).