There is no doubt that cloud computing and streaming media are here to stay. It's quite an useful tool, there is no question about that, since it allows a level of collaboration not seen before. Besides, it allows to share data among several people or devices in a much convenient way.
Yet, I don't see everyone going completely to the cloud. While having some files in the cloud, or using some streaming services is something almost everyone use for practical reasons, sometimes local storage is a better option.
On the streaming media side, there is some music, movies or series we like but not enough to own a physical copy. As such, we are content enough with having a service that will make it available to us on demand. At the end, we'll own just the media we love enough to have a copy from stored at our hard drive or other physical medium like a CD, vinyl album or DVD.
That's way I see that most people using a mix of local and cloud storage.
Everyone likes, and needs, to disconnect from time to time. That's why local storage will be used, to have access to those files, audio and video that a person might want to have access at any moment online and offline. Even though at some point all of our lives will be digitized, individuals will make make use of local and cloud.
The main reason for this is that even though we like to share things with others, we don't want or should share everything. So, there is a limit of how much and for what we'll use cloud and streaming services. That limit is different for everyone, but it's there.
At the end of the day, cloud computing and streaming have a place in our daily lives. Yet, it won't replace local storage completely, as they'd complement each other.
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