With big players like Amazon and Google in the Cloud Service Provision business, and organizations as diverse as Reddit and the City of Los Angeles using those services, cloud computing promises huge savings in cost and complexity.
Consumerization, virtualization, cloud computing, software as a service, mobility are all increasing the complexity of the job of managing IT by orders of magnitude.
To put this complexity in perspective, Edmund Teller once estimated that the costs of building the data and computing infrastructure needed to extend weather forecasting abilities by about two weeks ran well into the trillions of dollars.