Innovation in IT sector and future advances in cloud computing

Today IT is faced with the challenge of trying to respond to rapidly changing business environments on limited budgets, needing to support legacy applications as well as new modern software applications. Cloud computing offers substantial benefits in terms of agility and cost-effectiveness but cloud platforms are not commodities, with one easily substituted for another. Today, most companies want and need to have both onsite and offsite IT environments. Most cloud offerings, though, are only designed to run new applications, not support older legacy ones. This paper briefly outlines different aspects which are helpful for fast computing and major factors that dominate the future computing world and also describes about innovation cycle in IT Sector.