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The popularity of cloud concepts and the expected benefits from cloud computing have certainly raised expectations. Forrester now predicts that cloud spending will grow from $40 billion to $241 billion in the global IT market over the next 10 years, and yet, there's still a lot of confusion about the true payoffs and risks associated with cloud adoption. IDC has it's own numbers.

Some enterprises expect to use cloud and hybrid clouds to save on costs, improve productivity, refine their utilization rates, cut energy use and eliminate gross IT inefficiencies. At the same time, cloud use should improve their overall agility, ramp up their business-process innovation, and generate better overall business outcomes.

To others, this sounds a bit too good to be true, and a backlash against a silver bullet, cloud hype mentality is inevitable and is probably healthy. Yet, we find that there is also unfounded cynicism about cloud computing and underserved doubt.

So, where is the golden mean, a proper context for real-world and likely cloud value? And, what are the roadblocks that enterprises may encounter that would prevent them from appreciating the true potential for cloud, while also avoiding the risks?

We assembled a panel to identify and debunk myths on the road to cloud-computing adoption. Such myths can cause confusion and hold IT back from embracing cloud model sooner rather than later. We also define some clear ways to get the best out of cloud virtues without stumbling.

Joining our discussion about the right balance of cloud risk and reward are Ajay Patel, a Technology Leader at Agilysys; Rick Parker, IT Director for Fetch Technologies, and Jay Muelhoefer, Vice President of Enterprise Marketing at Platform Computing. The discussion is moderated by Dana Gardner, Principal Analyst at Interarbor Solutions. [Disclosure: Platform Computing is a sponsor of BriefingsDirect podcasts.]

Listen to the podcast. Find it on iTunes/iPod and Podcast.com. Read a full transcript or download a copy. Sponsor: Platform Computing.