Google is cutting prices on its Cloud Storage hosted service. Needless to say this is good news for firms looking for a deal on their cloud computing needs. And it might presage more price cutting to come. The cloud is becoming a commodity good.

It’s not only cloud vendors fighting for market share. A cloud alternative, in the form of less expensive and more easily managed server capacity, is being touted by hardware firms. It all adds up to a buyer’s market for data storage and storage-related services, which could be good news for an IT department close to you…