And wonderfully, when it breaks, you're not responsible. No worries!
If you are a CIO or otherwise the person who makes IT platform decisions then of course you are responsible for those decisions. The point is that the 'cloud' offers some options and advantages that would otherwise be inaccessible to many / most.
Those advantages can translate into reducing the risk that things will break in the first place. Which medium sized companies can afford to have redundant data centres on separate continents and redundant fibre connectivity from multiple operators (for example)?