"The consumerisation of IT is radically changing the investments that CIOs have to make," Hanrahan said.

"...It's changing the way it delivers technology in the enterprise."

Hanrahan went on to say that CIOs will need to change business plans to reflect the rise of Cloud computing.

"Virtual Cloud is here in 2011 and CIOs are going to have to redo their entire roadmap," he said.

Fujitsu reafirmed their investment to the Cloud, with McNaught revealing that the vendor would to gain access to SaaS suite, CRM and unified technologies.