I need that like I need a hole in the head. Cloud services is simply a new buzzword for an old idea. The idea of storing your data on servers connected to the internet so it can be accessed anywhere. Put it on you're own servers. Keep control of your data. make sure your intelectual property stays in your hands, your control.
Amazon has a history of no encrypting data even when they claim they do, and I assure you, at some point they and many others are going to find some way of getting ownership of the files and intelectual property.