Cloud computing is a new network computing paradigm based on IP architecture, and its potential lies in new ICT business applications. For the majority of operators and enterprises, the main task associated with cloud computing is next generation data center transformation. This will ensure cloud computing becomes more widespread among enterprises, institutions, organizations, and operators. Cloud computing not only provides traditional IT resource usage and application services, but also supports full resource usage and application services such as IT, communications, video, mobile, and Internet of Things using a converged network infrastructure. Key cloud computing technologies include unified fabric, unified virtualization, and unified computing system. The formation of an open industry alliance and promotion of open technology standards will be critical for the future development of cloud computing.