Is cloud computing more beneficial to business than traditional outsourcing?

I wrote an article today about some research commissioned by Google. I revealed a few things including the importance of cloud computing in driving company strategy.

The survey talks about the increasing role of CFOs in the IT decision making process as cloud computing is viewed as a means for companies to succeed rather than just cut costs.

Interestingly 64% of senior finance executives said cloud computing is more beneficial than traditional IT outsourcing. The cloud combines cost cutting with things like being able to take up the latest and greatest technology without having to pay for it up front. But doesn’t traditional outsourcing offer that?

I would like your thoughts.

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