See also, Debate: Is the CFO the new CIO?

Technology decision making will be increasingly made by the company CFO as the role of the CIO diminishes, according to a survey released yesterday.

In a study conducted by Google of 100 senior financial decision makers in large companies, half of respondents said that the CFO will exert more influence in the purchasing and management of technology services as cloud computing becomes more important.

The study also revealed that 68% of large enterprises are already implementing cloud computing.

Thomas Davies, head of Google Enterprise for the UK and Ireland, said that cloud computing is increasingly becoming an issue for CFOs. "Today we see ourselves having more discussions with CFOs, COOs and CEOs," he said.

"The fact that 93% of surveyed CFOs believed that cloud computing would be important to the success of their company in the next year to 18 months underlines that the board has woken up to the benefits of the cloud," Davies added.