The aim of this article was to look through new business concepts in IT, to define them, to see the services offered and the possibilities of use in practice. New technology ideas puts IT as a service. Great distraction of information and intelligent tools makes them ineffective and takes low advantage of them. Grid and Cloud Computing are the latest concepts in IT and offers the agility to business and universities as well. In other words, because of virtualization and abstraction the processes that occurs in these institutions can be managed swiftly, easily and effectively. Allows to make the most of company's resources. Physical locations of resources can be flexibly bounded and adjusted to current needs. Globalization and rapidly growing competition is forcing to apply the most innovative solutions. Taking in consideration the universities it is even more important when thinking of students as future human capital ,which should know the possibilities and be prepared the best. Sharing of computing, data centers, applications etc. on demand provides more powerful tools, more organized work and higher scalability and flexibility through inclusion of external resources. Grid and Cloud Computing have the potential to provide an IT infrastructure that addresses the demands of business while utilizlng the IT resources most efficiently and cost-effectively.
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