The cloud is fantastic, for some applications, getting rid of physical servers needing maintenance/servicing is a huge cost savings for a small company.

Several years ago I worked at a company that ran a SAN, there was an issue with the server room (a purpose built one) which affected the SAN, which resulted in drive failures every week or sometimes multiple times a week.

With the cloud you don't get that worry, or rather you pay someone else to deal with it for you, which sometimes makes sense.