Apptio, the leading provider of technology business management (TBM) applications, announced several product updates designed to support organizations looking to take tighter control of their costs in the face of challenging economic conditions. New features provide key decision-makers with improved visibility and insights into their technology spending, allowing them to better understand and communicate key business metrics and build operational agility to respond to changing requirements.
Inflation, labor shortages, and the threat of a recession are adding more pressure on businesses to determine their optimal strategies. In periods of market growth, organizations find it easier to invest in multiple growth strategies or continue to support legacy products. However, in periods of pullback, it becomes essential to weigh how much value each of these options brings.
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A recent report from Gartner® found that “…78% of CFOs will increase or maintain enterprise digital investments through 2023 even if inflation persists.” [1] Organizations are not reevaluating their commitment to digital transformation; instead, they are being more targeted in their spending to increase efficiency and innovation in the long run.
Deeper insights
In response, Apptio is launching new updates to enable organizations to accelerate this journey while simultaneously delivering the unit-cost reductions the present moment demands. Modern technology projects and investments consist of so many different expenses, such as labor, hardware, and services, that it can be difficult to make sense of their true costs and value through the use of complex data and reports.
Apptio provides true transparency and flexibility into technology spend by giving organizations multiple ways to view, understand, and analyze their data – from looking at high-level insights into projects and products to drilling down to the resource level for in-depth cost analysis. The result is more accurate decision-making and faster troubleshooting.