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Cloud Computing as the new delivery model for IT services is aiming at envisioning the abstraction of IT infrastructure and addressing the complexities of servers, applications, data and heterogeneous platforms. Nowadays the Cloud Computing Paradigm is being utilized by many small and medium enterprises that will get most of their computing resources from external providers. On the other hand the number of Cloud Services is rapidly growing with the potential of enabling the creation of customized based cloud services which address even sophisticated complex business and organizational requirements. In this short paper the technical, economical, and environmental aspects of Cloud Computing will be investigated. A special focus will be laid on how the paradigm shift from local service-farms to Cloud-based solutions will shape a new quality of future Enterprise Information Processing approaches and technologies.