Apptio, the leading provider of technology business management (TBM) applications, today announced several enhancements to its product portfolio that support organizations adopting a digital-first strategy and improving technology investment decision-making. New features provide key decision-makers with improved visibility and insights into their technology spending and the ability to prioritise investments that deliver the most value to the organization.
The demand for digital and cloud-based services has increased in the last year, but many organizations are still struggling to deliver these services on time and on budget. While a report by PwC found that 60% of C-suite executives identified digital transformation as their most critical growth driver in 2022, a disconnect between team efforts and fragmented technology spend data make it hard for businesses to prioritize investments for a digital-first strategy. A study by Apptio and Harvard Business Review revealed that while 92% of leaders agreed insights into the business value of technology to be of high importance, only 62% had confidence in their data.
Apptio Improves Technology Investment Decision-Making for Digital-First Businesses with New Portfolio Enhancements
The latest updates from Apptio enable organizations to accelerate their journeys by improving the ability to act upon data insights, connecting investments to strategy and linking data across an organization’s technology footprint.
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Driving Actions Through Data Insights
Modern businesses generate vast amounts of data on their technology infrastructure but driving actions to generate more value from this data poses a challenge for leaders due to time pressures and the complexity of the data. To address this, Apptio has launched a number of new features which empower teams to rapidly uncover and take action on cost-saving opportunities.
Apptio BI Reports
Creating custom reports and dashboards to show the cost of particular services or actuals versus a plan can be a time-consuming process which holds up action on improving technology investments. To address this challenge, Apptio BI Reports have recently been released as a new feature of Apptio BI. These out-of-the-box reports are created by the Apptio product team and span the entire Apptio portfolio with new reports being released every month. Real-time connection to Apptio data sources and system-generated alerting reduces the time spent on creating and analysing reports and allows IT teams to focus on uncovering and actioning cost-saving opportunities.
EC2 rightsizing in AWS for ASG and GPU-backed cloud instances
New EC2 rightsizing recommendations give cloud leaders the power to reduce overprovisioning and unnecessary costs due for Auto Scaling Groups and GPU-backed instances in AWS. Automated recommendations cut through the time-consuming process of tracking down and evaluating individual instances, allowing AWS customers to take immediate action on cloud cost saving opportunities.
Japanese localisation for Apptio Cloudability
In addition to existing multi-currency capabilities, Apptio Cloudability will now be available in Japanese, supporting users in the market in applying FinOps practices to their cloud investment strategy.