1. Very yes
2. To do that we'd have to define some kind of standard data storage format that's flexible enough to include all today's cloud data.
Apparently 'a bunch of files in a folder' isn't that format.
'A whole bunch of SQL and NoSQL RDBMS table entries' probably also isn't that format either, because although in theory you can export SQL databases to a .SQL text file, good luck doing that reliably and with zero overhead in practice.
I wonder what that format will be.