This document provides an overview of Oracle's cloud computing strategy. It discusses how Oracle aims to make cloud computing fully enterprise-grade by supporting both public and private clouds. It also describes Oracle's PaaS platform, which provides products to build public or private application platforms as a cloud service. Finally, it outlines how enterprises can evolve their current IT infrastructure to incorporate more cloud-like characteristics over time through grid computing, virtualization, self-service access, and internal chargeback for resources used.