This document discusses the importance of cloud computing for businesses. It outlines how cloud can significantly reduce IT costs by shifting to an operating expenditure model. Cloud provides elastic resources, 24/7 monitoring and management to improve availability, and relieves the IT team of daily operations. This allows businesses to focus on innovation and disruptive business models. While cloud carries some risks, vendors have greater economies of scale and expertise to manage security, downtime, and data control issues compared to businesses. The document promotes a hybrid cloud model from IBM that provides flexibility, visibility, control and access to data/analytics tools and services to drive competitive advantage.