Innovation can make huge leaps in societal quality of life and benefit for all; but with every advance there can be counterproductive and emergent issues that result which may be detrimental to markets. Without standards in areas that enable trade exchange, markets would be fragmented, limiting potential growth and evolution of new opportunities.
There’s nothing inherent to Cloud that will stop us making the same old mistakes. It’s down to us (IT folks and Enterprise Architects) to learn from history, to use methodologies intelligently, find ways to minimize the risk and get business buy-in.
The bigger questions now being posed are how crowded the Cloud is getting, and that cyber turf wars may be underway to grab sizable parts of the Cloud-based business through establishing Cloud platforms like iCloud and Chromebook.