The term “Cloud Computing” is used to describe a variety of different technologies and service delivery models that are themselves rapidly evolving. This presentation will describe the current state of adoption of cloud computing and then discuss how factors such as security concerns, standardization efforts and business considerations as well as new technological developments, are shaping the direction of cloud services. It will propose an evaluation and adoption process that enterprises, small businesses and public agencies can use to leverage the benefits of cloud computing while minimizing the risks and disruption of embracing a new technology.