This IDC study provides an overview of IDC’s IT Executive Program (IEP) Cloud Strategies Practice. This study describes how the Cloud Strategies Practice provides guidance to CIOs and other strategic leaders as they wrestle with the complex issues and opportunities that cloud computing entails. Strategic IT leaders must make sense of and take advantage of this dynamic and complex new digital world fueled by cloud computing. They must address the essential question: Where do we host our workloads? This study details the elements of an effective cloud hosting strategy, lays out key challenges and major drivers for cloud hosting decision making, and describes the research themes of IDC’s Cloud Strategies Practice.