Advantages of Cloud Computing: Cloud computing offers scalability, cost-efficiency, and accessibility, allowing businesses to scale resources as needed, reduce hardware costs, and access data from anywhere. Disadvantages: Potential downsides include data security concerns, dependency on internet connectivity, and limited control over infrastructure, which may impact performance and customization for specific needs. Read more in context to digital transformation.

Cloud computing has some advantages, but it also has some disadvantages. Let's examine both sides.

Benefits of cloud computing:

1. Scalability:
   Cloud computing allows businesses to quickly scale resources up or down as needed. It gives you the flexibility to add or subtract compute power, storage, or other resources without requiring significant infrastructure changes.
2. Cost efficient:
   Cloud computing eliminates upfront investments in hardware, software, and infrastructure. Instead, companies pay for what they use by subscription or pay as you go. This reduces the cost of maintenance, upgrades and hardware refresh cycles.
3. Accessibility and Mobility:
   Cloud services are accessible from anywhere with an internet connection. Users can access applications, files, and data from a variety of devices, enabling remote work and cross-site collaboration.
4. Reliability and Redundancy:
   Cloud providers typically offer robust infrastructure with redundancy measures to ensure high availability and minimize downtime. Distribute data across multiple servers and locations to reduce the risk of data loss and improve reliability. 
5. Automatic updates and maintenance:
   Cloud providers are responsible for maintenance, updates, and security patches for the underlying infrastructure and software. This frees companies from these tasks and allows them to focus on their core business.

Disadvantages of cloud computing:

1. Dependence on the Internet:
   Cloud computing relies heavily on Internet connectivity. A slow, unstable, or disconnected internet connection can affect your access to cloud services and reduce your productivity.
2. Security and privacy concerns:
   Storing data and applications in the cloud raises concerns about data security and privacy. Cloud providers implement rigorous security measures, but organizations should carefully consider the security practices, encryption, access controls, and compliance standards of their chosen provider.
3. Limited control:
   When using cloud services, companies have limited control over the underlying infrastructure and systems. It may not meet your specific needs as it relies on vendor configurations, updates and performance optimizations.
4. Supplier Retention:
   Migrating from one cloud provider to another can be difficult and costly due to differences in platforms, APIs, and data formats. Organizations can face vendor lock-in, making it difficult to switch vendors or bring services back in-house. 
5. Downtime and Service Interruptions:
   Service interruptions and downtime can occur despite the redundancy measures taken by cloud providers. Businesses can experience service interruptions that affect their operations, especially if the provider is experiencing technical issues or outages.

It is important for organizations to assess their specific needs, weigh the pros and cons, and choose a cloud computing strategy that fits their needs, security considerations, and long-term goals. 

The cloud-computing is not necessarily cheaper than other forms of computing, just as renting is not always cheaper than buying in the long term. Whenever an application for computing services is in regular and predictable need, providing that service in-house becomes more economical.

While a few companies may be reluctant to host sensitive data in a service that is also used by rivals. When Utilizing a SaaS application may also mean you are using the same applications as a rival, which may make it hard to create any competitive advantage if that application is core to your business.

Whereas, it may be easy to start using a new cloud application, migrating existing data or apps to the cloud may be much more complicated and expensive. And it appears that there is now something of a shortage in cloud skills with staff with DevOps and multi-cloud monitoring and management knowledge in, particularly short supply.

According to the latest report, a significant proportion of experienced cloud users said that they thought upfront migration costs ultimately outweigh the LongTerm savings created by IaaS.

And of course, you can only access your applications if you have an internet connection.