Not at all...
Do I feel that it is a threat, but I am the one legally responsible for the personal data of staff and customers and I simply do not trust it to be less fallible to what we already have.
When big cloud providers get hacked, loose data and suffer outages why should I rush to embrace it.
Like most other IT innovations it is half-cocked, not fully tested and I suspect nowhere near ready for a roll out for non essential data let alone mission critical stuff.
Remember the first rule for sysadmins; Never install anything until you have tested it to destruction, service pack 1 is released and preferably service pack 2, by then most of the nasty stuff MAY have been discovered.