Wisegate, which bills itself as the anti-social network for senior IT professionals, polled its members – IT execs from midsized and large companies – and found that 53 percent had "no near-term plans" to adopt the cloud for its company's critical data. That prompted the company to wonder if the cloud computing craze is nothing but "a lot of hot air."
The law seems to be getting in the way for some companies. A number said government or industry regulations (such as HIPAA or Sarbanes-Oxley) prevent them from adopting cloud-based applications.