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
Apache Hadoop is emerging as a distributed platform for handling large and fast incoming streams of data. Predictive maintenance, supply chain optimization, and Internet-of-Things analysis are examples where Hadoop provides the scalable storage, processing, and analytics platform to gain meaningful insights from granular data that is typically only valuable from a large-scale, aggregate view. One architecture useful for capturing and analyzing streaming data is the Lambda Architecture, represent...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, will provide a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services ...
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
DevOps has often been described in terms of CAMS: Culture, Automation, Measuring, Sharing. While we’ve seen a lot of focus on the “A” and even on the “M”, there are very few examples of why the “C" is equally important in the DevOps equation. In her session at @DevOps Summit, Lori MacVittie, of F5 Networks, explored HTTP/1 and HTTP/2 along with Microservices to illustrate why a collaborative culture between Dev, Ops, and the Network is critical to ensuring success.
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great dea...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.