Colos aren't cloud in most senses of the word, but multi-tenant cloud providers are at least as vulnerable to this sort of problem. There are ways to mitigate the problems, such as fail-over servers with other cloud providers and encrypting data before storing in the cloud, but I don't think anyone wants to deal with this issue.
My take: the AWS outage and the DigitalOne raid are both events we all saw coming, or should have. Not necessarily from those particular providers, but the general situation. Both are part of the learning experience organizations are facing in migrating to the cloud.
For more information on how to secure the data you store in the cloud, check out this post.
Photo by Shereen M