A gradual increase in the adoption of cloud platforms and cloud services by the enterprises of today points to a paradigm shift in the way the IT services are procured and managed. This shift is creating an Industry Mutation - impacting both businesses and IT Service providers. The old way of delivering and managing IT is being replaced by a new way, which is why we view this change as a Creative Destruction of sorts.

Gartner estimates that by the year 2012, 20% of the enterprise market e-mail seats will be delivered via the cloud and at least one-third of business application software spending will be as service subscription instead of as product license.

The imperative for an organization is to align to the cloud paradigm. The bigger question is since a majority of organizations are at a turning point, where do they start in defining the right cloud strategy for their organization? This paper analyzes the impact of the cloud on the IT Ecosystem and provides answers to what an organization needs to do in embracing a right cloud strategy.