Apptio Improves Technology Investment Decision-Making for Digital-First Businesses with New Portfolio Enhancements

–Portfolio-wide enhancements to Business Intelligence reports, cloud optimization capabilities and agile planning enable better technology investment decisions

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.

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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 ( https://c212.net/c/link/?t=0&l=en&o=3561585-1&h=1641196439&u=https%3A%2F%2Fwww.pwc.com%2Fus%2Fen%2Flibrary%2Fpulse-survey%2Fexecutive-views-2022.html&a=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 ( https://c212.net/c/link/?t=0&l=en&o=3561585-1&h=1310626974&u=https%3A%2F%2Fwww.apptio.com%2Fresources%2Finfographics%2Ftransparency-imperative%2F&a=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.

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.

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.

Connecting Investments to Strategy

To optimize technology investments, IT leaders need a full understanding of where their technology spending is fulfilling the needs of the business. To assist with bridging the gap between investment and value, Apptio’s latest improvements to ApptioOne, Cloudability and Targetprocess offer unique insights for key decision-makers that traditional financing tools are not designed to address.

–Integrated Investment Planning
As a new feature in ApptioOne, Integrated Investment Planning (IIP) helps
organizations understand the multiyear financial plan associated with
their technology investments. This feature covers all investments, both
waterfall and agile, and is able to isolate the ‘build’ costs from the
‘run’ costs of these investments. Direct connections to source project
portfolio management (PPM) or enterprise agile planning (EAP) systems
provide an automated stream of resource allocation and utilization
information which can then be compared to the plan for variance analysis
and adjustment.

–Cloudability TotalCost
To reap the full benefits of a cloud-first strategy, IT leaders must be
able calculate cloud’s fully burdened cost. Cloudability TotalCost
connects public cloud spend with direct, indirect and shared cloud costs
in areas such as labor, observability tools and third-party services to
link cloud spend more accurately to value. Chargeback tools allow IT
teams to then fully allocate these costs to users, while alerts can be
created to flag when costs exceed budgeted thresholds.

–Enhanced team-level tool integration for Apptio Targetprocess
Strengthening the native integration for Apptio Targetprocess with
popular team-level agile management tools such as Jira enables portfolio
managers (PMs) and business leaders to gain more visibility across
multiple teams without impacting existing processes. Seamless data
synchronisation across multiple Jira instances allows Apptio
Targetprocess to align strategy to agile work across the enterprise,
freeing up more time for PMs to improve output at a program, portfolio
and enterprise level.

–Apptio Targetprocess validation rules
Validation rules in Targetprocess can be created to automatically enforce
checkpoints within automated workflows, helping organizations
improve data integrity and ensure alignment to company-specific
requirements. These rules can be used to verify prerequisites or prevent
objects from changing states, supporting the unique governance
requirements of complex organizations that can span hundreds of teams.

Improving Investment Decisions with Connected Data

Authoritative, real-time data is vital for empowering teams to make smarter technology investment decisions. Customers using multiple Apptio products will now enjoy a more unified data experience thanks to new features which simplify and accelerate the sharing of data between products.

–Apptio Automated Data Management
Apptio’s new Automated Data Management service facilitates the sharing of
data between Apptio applications. As a traditional publish/subscribe
service, all products are able to publish new data sets to the service as
they become available. At the same time, products can subscribe to the
service to be made aware of important data sets for them in real-time.
This will first be implanted for the Cost and Plan sides of ApptioOne,
where new actuals are ingested by the Plan side as soon as they’re
available for quick variance analysis or new plan creation.

–Targetprocess Integration to Automated Data Management
Bringing Apptio Targetprocess data into Automated Data Management
simplifies the process of factoring labour demand and capacity decisions
made in Targetprocess to ApptioOne’s overall planning and budget tools.
This integration will enable near real-time updates on accurate labour
capitalization data and the ability to reflect the current demand and
capacity. This improves decision-making and helps organizations to
accurately plan from sprint to sprint.

“As a digital-first approach is top-of-mind for enterprises globally, it is crucial that key decision-makers are equipped with the best tools to ensure their technology investments are driving business value,” said Jeremy Ung, Chief Engineering Officer at Apptio. “Traditional financial management tools are not suited to the distributed nature of technology across teams that we are seeing in organizations today. Apptio’s latest enhancements to its products offer unique solutions for enabling the shift from a project to product organization by connecting data from all parts of the business, giving full financial visibility into the entire technology footprint and the insights to steer funding based on value delivered. These capabilities give decision-makers the blueprint to accelerate product innovation in a digital-first world.”

To learn more, visit: https://www.apptio.com/products/

About Apptio

Apptio gives you the power of trusted, actionable insights to connect your technology investment decisions to drive better business outcomes. More than 60 percent of Fortune 100 enterprises trust Apptio to manage to spend across the entire IT portfolio and beyond, so they can focus on delivering innovation. Apptio automatically ingests and intelligently structures vast amounts of enterprise and technology-specific spend and operational data. Apptio enables users across disciplines to report, analyze, plan, and govern their investments collaboratively, efficiently, and with confidence. Learn more at Apptio.com.

Contact: Jas McDonald, jmcdonald@apptio.com

SOURCE: Apptio