This document summarizes IBM's perspective on cloud computing in 2011 and beyond. It discusses how cloud computing leverages existing technologies like virtualization, automation, and standardization to provide benefits like low costs, flexibility, simplicity, and rapid provisioning. IBM positions itself as focusing on enterprise clients and industries, with cloud services that are optimized, integrated, and managed. Examples are given of how governments and educational institutions are using the cloud to increase efficiency, collaboration, and access to resources.