Let's face it right now the cloud is pretty immature. The level of automation and management of these environments are analogous to the early assembly lines, but it won't be this way long. This is not the industrial revolution and it moves at a wicked fast pace. Before we know it the next generation of cloud computing will be upon us and it will be very different than the IaaS/PaaS/SaaS offerings we know today.
For one, it will be intelligent. That is, the cloud will be content aware and it's network connections will act like mycelia hyphae and what one hyphae learns will become available to the entire cloud. Whereas the current cloud is focused on scalability and elasticity, the next instance of the cloud will focus on redundancy, resiliency and collaboration. The discussion regarding public, private or hybrid will become moot as the cloud simply becomes a system of nodes with some nodes participating fully while some don't participate at all. Nodes will contribute to the cloud on a controlled basis. Some will host their own nodes while others will pay service providers to host their nodes for them.
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