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As Clouds are complex, large-scale, and heterogeneous distributed systems, management of their resources is a challenging task. They need automated and integrated intelligent strategies for provisioning of resources to offer services that are secure, reliable, and cost-efficient. Hence, effective management of services becomes fundamental in software platforms that constitute the fabric of computing Clouds. In this direction, this paper identifies open issues in autonomic resource provisioning and presents innovative management techniques for supporting SaaS applications hosted on Clouds. We present a conceptual architecture and early results evidencing the benefits of autonomic management of Clouds.