Cloud computing isn't just shared servers - it's a shared application infrastructure. It's extremely different from the old mainframe model.
I have to say I do think that operations could be better without new silver bullets, but the scale and pressures on IT and business operations in general are dragging them to a precipice. Things are now so complex and demanding that at some point we may well see major organisations fray and disintegrate because they just can't run themselves anymore. Something close happened with the cyber attacks on Maersk and the NHS a few years ago - but from what I've seen it's quite possible that someone big will get themselves into such a tangle that they suffer a complete operational breakdown without an attack.
From the way the UK has been handling basic aspects of IT such as the spreadsheet that ran out of rows and missed a lot of Covid tracking data, the basics are yet to be figured out.
A remote workforce uses Skype, a laptop and the internet. As far as I can tell these have been around for years.
Cloud computing is marketing lingo for shared servers OR if you have the budget your own dedicated server. Nothing new by any means.
It sounds like you agree with my realization which is that we need to get the most out of the existing tech rather than moving onto something new and shiny.