Better reassess your Cloud Storage SkyDrive strategy with Microsoft. Microsoft Online Division (Meaning Cloud Computing, including their Cloud Storage SkyDrive business.) is losing money hand over fist. This is not a sustainable business model. In an article by Jay Yarow posted on Business Insider today 7-2-12, it states a bleak prospect for Microsoft’s Online Division.
Microsoft’s Online Division Is Taking A $6.2 Billion Write Down Because Of Its Failed aQuantive Acquisition. As earlier posted in this Blog on October 9, 2011 the Online business at Microsoft is hemorrhaging cash. Add $6.2 Billion to this graph.
How long will the Microsoft Board of Directors tolerate this kind of financial performance for this Division? Something has to give. The question is – What?
You as an individual need to make many difficult decisions in your life. Some are pretty obvious. There will be change in the Cloud Computing Group at Microsoft. Your data is at risk. In 2009 Yahoo closed it’s “Briefcase” Cloud Storage offering. Apple, just closed it’s MobileMe Cloud Storage offering (2012) and replaced it with iCloud, BUT DID NOT OFFER to move your data. You need to do that yourself. If you can figure it out yourself.
The financials at Microsoft’s OnLine Division do not bode well for consistency and sustainability of this offering.
Call to Action: Control your own destiny. Manage your data locally by having a local copy of all of your data, with an archived copy in a safe remote place. Then and only then use Cloud based Storage Service offerings. This cannot be more clear to me. Our information as individuals is at risk. Is it clear to you? I hope so. Please note, I am not saying do not use these services. I am saying make them a “Part of your strategy” not your entire strategy.
The Personal Information Management Coach
The PIM Coach