Cloud Computing is the biggest IT technology shift of the 21st century, with hundreds of billions spent by businesses on their cloud transformations each year. Almost invisible to the public, the way that private data is processed and transferred around the globe is changing extremely rapidly. It is safe to say that in the near future most, if not all, data will be in the custody of only a handful of companies. In this talk I want to show you what is actually behind the fluffy term Cloud Computing and explain to you what it really means for us in the grand scheme of things. Matthias is the CEO and co-founder of the globally acting Cloud Transformation software company Txture. Before founding Txture, he researched how large organizations can optimize the transformation of their global IT landscapes and received his PhD in Computer Science in 2014. In this capacity he participated in research and development projects in Canada, Germany, the USA, Austria and China. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx