The success of the IoT world requires service provision attributed with ubiquity, reliability, high-performance, efficiency, and scalability. In order to accomplish this attribution, future business and research vision is to merge the Cloud Computing and IoT concepts, i.e., enable an “Everything as a Service” model: specifically, a Cloud ecosystem, encompassing novel functionality and cognitive-IoT capabilities, will be provided. Hence the paper will describe an innovative IoT centric Cloud smart infrastructure addressing individual IoT and Cloud Computing challenges.