This document discusses how cloud computing can accelerate innovation and drive new business models for enterprises. It notes that private and public cloud models can optimize capital expenditures, lower operating expenses, improve uptime and service delivery times. The transition to cloud often requires changes to roles, skills, processes and organizational structure. Key benefits of cloud include lower total cost of ownership, increased speed and agility, operational simplicity, and ability to easily scale. A hybrid cloud model combining on-premise and off-premise resources can deliver benefits like cost reduction, revenue growth, strategic budget allocation, and faster provisioning times.