Cloud computing is the wave of the future

"Frankly, I don't think this legislation will have any effect on cloud computing. Companies are migrating to 'the cloud'," Vladeck said.

They are migrating to it because the cloud's shaping up to be the best place for digital data storage for consumers as so then as companies. The concept of the cloud precedes the Internet

It was derived from those cloud-like drawings that illustrated the connectivity the internet would deliver. Today it has evolved into something even bigger. Kurt Roemer the Chief Security Strategist at Citrix says computing power can be delivered.

"So cloud computing is a new way of looking at computing that uses services to deliver computing via a utility," Roemer said.