Cloud computing is very personalized depending on your needs. There are three major uses of cloud computing: compute clouds, cloud storage and cloud applications. Compute clouds allow for inexpensive, on-demand computing resources that will run the code they are given. Storage was one of the first offering solutions for cloud, it allows you to keep files off site. Applications in cloud utilize software applications that rely on cloud infrastructure. Of course sensitive data should not be kept in the cloud, as one breach may allow this data to be released, and make sure to use a US server as the privacy laws in different nations may drastically change. And sometimes the cloud just isn't needed, so take that in consideration.
Security is the major problem facing cloud computing, privacy with a third party has been called in to question. Are they doing enough to secure your data? What about hackers? and there is no regulation for the cloud.
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