Over the past decade, cloud-native technologies have transformed enterprise IT. In the next decade, we’ll see the rise of the intelligent composable cloud. Customers will compose their own clouds — not only for IT but also for operational technology (OT), commercial, and consumer cloud capabilities — and cloud providers will adapt by allowing users to compose services by industry, role, and use case. This report examines the technological changes giving rise to the abstracted, intelligent, and composable cloud and helps technology leaders plot their cloud strategies for the future.