SAN DIEGO, Nov. 9, 2016 /PRNewswire/ -- Apptio, Inc. (NASDAQ: APTI), the leading provider of cloud-based Technology Business Management (TBM) software, introduced the "economic framework" for the cloud today at the 2016 TBM Conference. This framework, built into Apptio's TBM applications, empowers CIOs and their teams to make strategic, informed decisions about how to best embrace cloud solutions in support of their innovation agenda and corporate goals.
Apptio's economic framework is a model for categorizing and measuring cloud costs in the context of an organization's broader technology spending. With this framework, IT leaders are able to visualize how cloud services fit within their technology portfolio and make informed decisions about their level of cloud investment.
"In the modern enterprise IT organization, cloud services are one of the most valuable and disruptive forces. Cloud services provide an unmatched level of flexibility, but organizations must adopt new approaches to cost and resource management to fully reap the benefits," said Sunny Gupta, Apptio CEO. "Apptio's economic framework ingests and models these costs, from multiple vendors alongside all technology spend for the most comprehensive view of IT spending possible."
Apptio has developed deep relationships with the leading cloud IaaS providers to make data acquisition and modeling as simple as possible. Apptio and Amazon Web Services (AWS) have worked closely together to provide new product capabilities within Apptio's applications that allow our customers to further understand and optimize their usage of AWS. This includes new capabilities to understand and optimize AWS Reserved Instance (RI) spend and rich integration with AWS Trusted Advisor. As a result of this work, Apptio can now help customers are now able to answer questions such as:
- What is my AWS Reserved Instance (RI) spend and what RIs should I buy?
- Where is there waste in my public IaaS/PaaS service consumption?
"We're committed to providing our customers with an unmatched level of service and value. Apptio's new AWS-specific costing capabilities coupled with AWS Trusted Advisor provide users with deep visibility into their cloud spending so they can make more strategic decisions," said Stephen Orban, Head of Enterprise Strategy at AWS. "Apptio can now help users proactively purchase new Reserved Instances prior to expiration and maximize the value they derive from the AWS Cloud by continually identifying ways to optimize resource usage."
Apptio SaaS Insights
For an even deeper look into cloud spending, Apptio is also introducing its new SaaS Insights application today. Built based on direct feedback from more than 50 senior IT leaders, SaaS Insights enables IT leaders to get the most value out of their SaaS licenses by providing actionable insights into usage, adoption, and cost for the most commonly used enterprise applications like Salesforce and Office 365.
According to a recent Harvey Nash/KPMG CIO survey, 31 percent of CIOs are investing significantly in SaaS this year. As more organizations turn to SaaS solutions to accelerate their business, effective SaaS license management is becoming a more urgent need with more users, more licenses, and higher SaaS spend across multiple departments adding to the complexity.
As an addition to the Apptio Business Insights family of applications, SaaS Insights proactively manages application spending by correlating SaaS license utilization and adoption to license cost. Armed with this information, IT leaders are able to negotiate better SaaS contract terms and rates by replacing assumptions with facts.
For more information on Apptio's cloud and business management capabilities, please visit: http://apptio.com/solutions
Apptio (NASDAQ: APTI) is the CIO's business management system. We build advanced data and analytics applications that help IT leaders make informed decisions about their technology investments, capitalize on the cloud transformation and drive innovation within their organizations. We call it Technology Business Management. Our applications help companies align technology spending to business outcomes and automate IT processes like cost transparency, benchmarking, charge-back and planning. Hundreds of customers, including more than 40 percent of the Fortune 100, use Apptio as their business system of record for IT. For more information, please visit www.apptio.com.
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SOURCE Apptio, Inc.