Article is still under development (but complete in it's current scope)
Cloud Computing is Internet-based computing, whereby shared resources, software, and information are provided to computers and other devices on demand, like the electricity grid.
Cloud computing is a paradigm shift following the shift from mainframe to client–server in the early 1980s. Details are abstracted from the users, who no longer have need for expertise in, or control over, the technology infrastructure "in the cloud" that supports them. Cloud computing describes a new supplement, consumption, and delivery model for IT services based on the Internet, and it typically involves over-the-Internet provision of dynamically scalable and often virtualized resources. It is a byproduct and consequence of the ease-of-access to remote computing sites provided by the Internet.
The term "cloud" is used as a metaphor for the Internet, based on the cloud drawing used in the past to represent the telephone network,and later to depict the Internet in computer network diagrams as an abstraction of the underlying infrastructure it represents. Typical cloud computing providers deliver common business applications online that are accessed from another Web service or software like a Web browser, while the software and data are stored on servers. Source Wikipedia
Is this return to the IBM centralized computing model right for your organization? This is complex issue and the variables may be unique to each organization. Listed are some thoughts and resources:
Start ups and small organizations with dispersed members will logically benefit in an immediate way with cloud services. You will be up and running very fast with moderately sophisticated tools. You do not need to worry about IT capital costs and staff. But for established organizations the issue is less clear. In this mobile network enabled world it is important that every organization have some tools in the cloud, the exact benefit and extend needs much analyzed and tested very deliberately.

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