With cloud computing, new online businesses need not put tons of effort into making the business grow to match user demands. Rather than focusing on how to handle increasing server load or storage capability in their own data centers, cloud computing permits such businesses to rescale within no time. Majority of the data nowadays is stored in these cloud data-providers. Despite all the advantages of cloud storage, it raises several economic, security, and privacy issues. One of the biggest concern has been the location of where our data is stored (in large, centralized data centers). This architecture undermines privacy. Also, it keeps the price of storage high and prevents new uses of data. © IAEME Publication.