Upon closer reading of IFTTT's SkyDrive page, one will see that IFTTT is not able to use SkyDrive for triggers - i.e. Do something if a file appears in a specified folder. As to be expected, the actions that can be performed on one's SkyDrive account are uploading files found elsewhere on the Web which meet some criteria. Users can specify the file name and upload path. Note that there is a limit of 30MB for file uploads.
IFTTT give several example recipes, as shown below. One of the most interesting looking examples was synchronising files between Dropbox and SkyDrive. However, this is sadly limited to files in the public folder of a Dropbox account. However, mirroring photo uploads from Instagram and Facebook etc. to a SkyDrive folder is possible.