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Cloud Computing has proven to be the most effective method of storage and security used by organizations today. It is not only efficient, but it is a powerful tool that will only expand its reach in the future. This course is focused on how cloud computing is changing the nature of business applications, particularly as they impact information technology. The course material explores company organization structures, the future of in-house IT groups, and the global implications of cloud computing.The first major section delves into a major future business dynamic that is affecting corporations around the world - the cybernetic economy. The key features and ingredients of this new economy are explained, the major transition elements are presented, and the implications for corporate organization are discussed. Next, the future of in-house IT groups is explored in depth. Key topics include process versus technology, traditional IT role versus a new focus on adding value, what needs to happen within IT to make it a value-added function, and the key attributes that IT needs to foster to effectively participate in a real-time global economy. The final section covers global implications of the new world within IT. The material covers how networks of independent people now use cloud computing, major features of cloud computing, and why the expanded use of cloud computing in business is a foregone conclusion.