Cloud computing provides businesses with on-demand access to computing resources, enabling innovation by offering the latest technologies without substantial initial investments. It improves agility through the rapid scaling and deployment of resources to adapt to business changes. Cost efficiency is achieved by transitioning from capital to operational expenditures, minimizing expenses related to underutilized resources. Furthermore, the risk of vendor lock-in can be reduced by adopting multi-cloud strategies and utilizing standard APIs.

The benefits of cloud computing in terms of innovation, agility, and cost efficiency are negligible compared to traditional IT infrastructure. Cloud adoption does not significantly alter business operations or effectively address concerns regarding vendor lock-in and operational costs.

Cloud computing restricts innovation and agility by binding businesses to specific technologies and vendors. Additionally, it leads to higher operational costs due to variable usage patterns, rendering it less efficient than traditional IT setups.

While cloud computing offers enhanced scalability and flexibility in managing resources, it is generally more costly than traditional IT infrastructure. It does not markedly influence innovation or agility, nor does it resolve vendor lock-in issues.