Virtualization is a term that refers to the abstraction of Computer resources:

SAN DIEGO - eMOBUS, a leading vendor of mobility management services and software, today announced the formation of an Advisory Board. These selected individuals will serve as a representative sounding board to provide strategic insight to the rapidly growing company.

The fact is, cloud storage is one of those inevitable developments that will continue to gain momentum even as high-profile disruptions mount. Salesforce.com EC3 and Google have had several major snafus over the past few years, yet they're still here. And how many times has your local area network gone down this year? I'll bet no one in IT was talking about scrapping the whole thing.