ico.org.uk has compiled a good list of questions that any organization should consider before it decides to leverage cloud computing solutions. The article also gives some good examples to help the reader understand the consequences of sharing personal data on the cloud. It also serves as a good primer for Cloud Computing.
http://www.ico.org.uk/for_organisations/data_protection/topic_guides/online/~/media/documents/library/Data_Protection/Practical_application/cloud_computing_guidance_for_organisations.ashx
http://www.ico.org.uk/for_organisations/data_protection/topic_guides/online/~/media/documents/library/Data_Protection/Practical_application/cloud_computing_guidance_for_organisations.ashx
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