This document discusses IT transformation and the bimodal IT approach. It describes the IT transformation trends of Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). It then focuses on bimodal IT, distinguishing between Mode 1 IT which is efficiency-focused and Mode 2 IT which is agility-focused. The rest of the document discusses IaaS technologies like virtualization and cloud computing, and how resources are dynamically allocated in cloud environments on-demand.