The document discusses EMC's transformation to an IT-as-a-Service model. Key points include:
1) EMC transitioned IT from an infrastructure focus to applications focus and now a business focus, optimizing IT production for business consumption.
2) This involved virtualizing servers and applications, consolidating data centers, and achieving 90% virtualization of OS images.
3) The transformation aims to provide agility, cost savings, and a 1 day application provisioning time through a service-oriented IT-as-a-Service model.