Welcome!

News Feed Item

Apptio Delivers The Industry's First Standard IT Operating Model With New Major SaaS Release; Includes Cloud Billing Support And Peer Benchmarking

The CIO-led TBM Council Endorsed Cost Model Allows IT Leaders to Automate Processes like Peer Benchmarking, and the Aggregation and Allocation of Public Cloud Billing Data

BELLEVUE, Wash., Aug. 14, 2014 /PRNewswire/ -- Apptio®, the leading provider of cloud-based Technology Business Management (TBM) software, today announced the public availability of the industry's first standard operating model for managing the business of IT and its next major SaaS release.

Sample view of Apptio's Cost Transparency Foundation application.

The Apptio TBM Unified Model™ (ATUM™), standardizes IT cost and data models and is now integrated into the Apptio platform and its applications, creating the first standard operating model for IT. New features also include the aggregation and allocation of on-premises and cloud services including Amazon Web Services (AWS) billing data, management of third-party vendor spend, analysis of labor and project costs, and automated peer benchmarking.

Apptio also announced today that the TBM Council™, a not-for-profit organization comprised of more than 1,300 CIOs and IT executives, voted in May 2014 to endorse ATUM as the standard model for IT. ATUM allows every IT organization to adopt a standard approach for managing the business of IT and includes standard cost, cost categories, and data models, along with hundreds of metric and breakout reports. With Apptio's standard IT operating model, IT leaders can make faster, data-driven decisions about the cost, quality and value of their technology.  

Cut through the fog of costs with Cost Transparency Foundation
The latest version of Apptio's Cost Transparency Foundation (CTF) application now standardizes the IT cost categories and automates the integration and mapping of invoices for cloud providers, such as AWS. Apptio also consolidates third-party vendor billing data to empower customers with insight into 100% of their IT spend, including cloud and traditional, on-premises, and hosted costs. CTF also provides granular analytics into projects, vendors and labor spend for IT.

"AWS delivers robust cloud services that enable enterprises to quickly migrate existing applications and deploy new projects with greater efficiency and a lower TCO," said Terry Wise, Head of Worldwide Partner Ecosystem, Amazon Web Services, Inc. "It is important for Enterprise IT organizations to understand the comprehensive cost of running their IT infrastructure in order to confidently measure the success of the services they are providing to their business partners. Given the nature of today's highly complex IT environments, it's essential that IT leaders are empowered with actionable fact-based data and we are pleased that Apptio is now supporting the integration of AWS billing data."

Today, cloud costs can be fragmented across various systems, vendors, and geographies leading to unintended waste and unnecessary spend. More importantly, cloud spend may not be integrated with the rest of IT business analysis and multiple line items from different vendors can be hard to decipher.

IT leaders can now consolidate vendors to identify volume discount opportunities, ease vendor management, align spend to portfolio strategy, and arm themselves for negotiations. These improvements also help IT leaders drive better decisions and conversations by showing how the full cost of cloud fits into their IT business.

A report by Forrester Research¹ states: "There are two challenges with IT spend. First, the business has very little visibility into how IT spends its budget. Second, much of what IT spends (around 70% of its budget) goes toward maintenance and operation of its organization, systems, and equipment." According to Eveline Oehrlich, Forrester VP, Research Director, "Cost transparency and understanding the business strategy are critical success factors for this balancing act."

Apples-to-Apples Comparison of IT Spend, Out-of-the-Box
Apptio's IT Benchmarking application now allows IT leaders to view ongoing, automated comparisons of IT costs against peer benchmarks tailored to company size, geography, and industry. IT Benchmarking extends CTF by leveraging the ATUM model to enable automatic and ongoing comparisons of actual spend against industry benchmarks. 

Apptio IT Benchmarking leverages data from the leading vendors in the IT benchmarking industry, including a new partnership with the Information Services Group (ISG). Apptio complements these sources with its own expertise and experiences with more than 200 implementations to create an automated, unbiased view of the IT spend trends at a granular level.

"Until today, the ability to easily benchmark in a consistent, automated way against our industry peers was nonexistent," said Donna Woodruff, Director Technology Business Management Office at AutoTrader Group. "By standardizing the cost modeling and peer benchmarking process, Apptio is changing the way that we manage our technology."

Apptio TBM Unified Model
ATUM has also been expanded so that industry best-practices for infrastructure cost allocation and modeling are now pre-built into Apptio's CTF and IT Benchmarking applications. The ATUM model is integrated into Apptio's TBM platform, underlying all of its applications, and defines what costs to measure, how to measure them, and what data IT needs to do so. For example, using ATUM, IT leaders can utilize Apptio's predefined cost categories broken out into 11 towers (such as compute, storage, network, application, data center, etc.) to distribute their IT management costs. This solves a common challenge for most organizations wherein the finance view of cost centers and a general ledger do not align to common IT management categories making it difficult to translate IT costs into financial language.

"Apptio is bringing cloud costs out of the sky and into the boardroom. Apptio's powerful costing applications empower CIOs to take action based on the true cost of the services they are providing the business," said Sunny Gupta, CEO of Apptio. "Today's CIOs are at the heart of their organizations and it's critical that we arm them with data and insights they need to support the success of their business."

Even More Power in the Platform
Apptio makes all of this data actionable through platform enhancements including out-of-the-box KPIs, mobile-friendly reports, hundreds of common metric and breakout reports, and powerful self-service analytics. For example, metric reports include total cost, total spend, average cost unit, etc., and breakout reports include opex versus capex, fixed versus variable, run versus change, etc. Additionally, Apptio has enhanced its data visualization and analytics capabilities by adding more than 10 new analytics chart types such as double donut, radar, spider, and marker charts.

About Apptio
Apptio is the leading provider of cloud-based Technology Business Management (TBM) software that helps CIOs manage the business of IT. Apptio's suite of applications use business analytics to provide facts and insights about technology cost, value, and quality, so IT leaders can make faster, data-driven decisions. The purpose-built applications help companies align technology spend to business outcomes and automate IT processes like cost transparency, benchmarking, showback/chargeback, operational efficiency, and planning. Powering Apptio's applications is a next generation, in-memory cost analytics platform that takes data directly from all financial, operational, and billing systems, and powers applications that give customers deep insight. This insight spans infrastructure, applications, and business services, both on-premises and in the cloud. Hundreds of customers, including more than a third of the Fortune 100, choose Apptio as their business system of record for IT. For more information, visit the Apptio website or the Apptio blog at www.apptio.com.

¹ "Five Concerted Steps To Maximize The Business Value Of IT", Forrester Research, Inc., Dec. 10, 2013

Media Contact
Sarah Vreugdenhil
Apptio
425-974-1331
[email protected]        

Apptio

Photo - http://photos.prnewswire.com/prnh/20140814/136324  
Logo - http://photos.prnewswire.com/prnh/20140717/127863

SOURCE Apptio

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Cybersecurity is a critical component of software development in many industries including medical devices. However, code is not always written to be robust or secure from the unknown or the unexpected. This gap can make medical devices susceptible to cybersecurity attacks ranging from compromised personal health information to life-sustaining treatment. In his session at @ThingsExpo, Clark Fortney, Software Engineer at Battelle, will discuss how programming oversight using key methods can incre...
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Did you know that you can develop for mainframes in Java? Or that the testing and deployment can be automated across mobile to mainframe? In his session at @DevOpsSummit at 20th Cloud Expo, Vaughn Marshall, Sr. Principal Product Owner at CA Technologies, will discuss and demo how increasingly teams are developing with agile methodologies using modern development environments and automating testing and deployments, mobile to mainframe.
SYS-CON Events announced today that Grape Up will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct. 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company specializing in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the U.S. and Europe, Grape Up works with a variety of customers from emergi...