While cloud computing is becoming ubiquitous, it’s often hard to know how much of the hype around the technology you should actually believe.David Mitchell Smith, vice president and fellow at Gartner, said that “cloud computing, by its very nature, is uniquely vulnerable to the risks of myths. It is all about capabilities delivered as a service, with a clear boundary between the provider of the service and the consumer. From a consumer perspective, ‘in the cloud’ means where the magic happens, where the implementation details are supposed to be hidden. So it should be no surprise that such an environment is rife with myths and misunderstandings.”Gartner identified ten common cloud computing myths:The Cloud is about saving Money. Not totally. The flexibility and utility of turning on services and capabilities as needed often outweigh just a dollar-centric appraisal of the technology.The Cloud is always the best way. Cloud technology is still young. Cloud apps are options that should be considered, but choose your application based on what best meets your requirements.The Cloud should be used for everything. Cloud apps can be an important part of an enterprise strategy, but applications should be moved to the cloud only as part of an overall strategy for achieving cost savings, flexibility and efficiency.“The CEO said so” isn’t a cloud strategy. An enterprise IT strategy needs to have a detailed plan for how to handle both on-premise and cloud applications.We need just a One Cloud strategy. With the current state of the cloud that isn’t possible, or at least not practical.The cloud is less secure than on-premise. The number of on-site security breaches actually exceeds the number of breaches reported in the cloud.The cloud can’t handle mission-critical use. Often cloud strategies begin using the cloud with their non-critical applications, but there many organizations are using the cloud for their mission-critical applications.The Cloud Equals the Data Center. Possibly, but for many companies, the hybrid use of both on-premise and cloud computing will be around for some time.Migrating to the cloud automatically enables cloud features.Virtualization is not equate to the Private Cloud.