Technological innovation or Tech-novation has proved to be a vital resource for business growth. Cloud Computing is new platform in today's high-tech business environment that has brought many benefits to small, medium and large businesses. The internet-based technology of Cloud Computing has introduced a new concept of managing IT infrastructure on a shared platform through virtualization of servers. This papers aims to assess the role of Cloud Computing and its impact on Ericsson and its global business. The paper also focuses the benefits that cloud infrastructure brings to Ericsson.