STAMFORD, Conn., May 14, 2015 /PRNewswire/ -- Information Services Group (ISG) (NASDAQ: III), a leading technology insights, market intelligence and advisory services company, said today that Todd D. Lavieri, president of ISG Americas, has been named to the newly formed Commission on IT Cost Opportunity, Strategy and Transparency (IT COST), created to help the U.S. Federal Government measure the true cost of its information technology investments using Technology Business Management (TBM) standards and methodology.
The IT COST Commission is an initiative of the TBM Council, a global nonprofit organization of more than 1,600 IT leaders, in partnership with U.S. Federal CIOs. The group will define a set of best practices and standards for Federal CIOs to transparently measure and communicate the cost of infrastructure, applications, projects, and IT services.
Lavieri is one of only four private-sector partners named to the IT COST Commission. The group also includes the TBM Board of Directors, made up of CIOs of major U.S. corporations and an MIT research scientist, and the CIOs of the U.S. Departments of Health and Human Services, Transportation, the Interior, Commerce and Agriculture.
"It is a distinct honor to be named to the IT COST Commission," said Lavieri. "I look forward to bringing a private-sector perspective to the group's deliberations and to marshalling ISG's market intelligence, cost data, and advisory expertise to help the Commission achieve its goals of bringing greater transparency to Federal IT spending, overcoming complexity and duplication, and managing the government's IT investment more like business."
The federal government spends more than $78 billion each year on technology and each agency uses its own standards to measure, benchmark, and communicate the value of its technology investments to its respective stakeholders. This lack of standardization creates numerous challenges including complexities in budgeting, an inability to benchmark costs against other agencies or the private sector, and difficulties in identifying duplicated resources or underutilized assets.
The IT COST Commission was created by the TBM Council in partnership with Deputy Administrator for E-Government and Information Technology, Lisa Schlosser, and the Office of Budget and Management (OMB) to leverage private-sector learnings by connecting leading commercial CIOs with a select group of Federal CIOs.
The Commission will hold its first meeting next month in Washington, D.C. It expects to produce a report, to be distributed in early 2016, that will outline a series of recommendations for Federal CIOs, which will:
- Aid in the implementation of the new Federal IT Acquisition Reform Act (FITARA), which gives Federal CIOs centralized control over the government's IT spending;
- Reduce waste and increase efficiency of public sector IT spend, and;
- Empower Federal CIOs to demonstrate the cost, quality, and value of their IT spend.
The IT COST Commission work is privately funded by the host nonprofit organization. For more information, please visit http://tbmcouncil.org/get-involved/it-cost-commission.html.
About TBM Council The Technology Business Management (TBM) Council is a nonprofit business entity focused on the development of a definitive framework for running technology organizations like a business. It is directed by an independent body of IT leaders from a diverse group of the world's most innovative companies like Cisco Systems, First American, Hewlett-Packard, Apptio, and more. The TBM Council's mission is to serve its members by delivering on key mandates of collaboration, standardization, and education. To learn more about the TBM Council, visit:www.tbmcouncil.org.
About Information Services Group Information Services Group (ISG) (NASDAQ: III) is a leading technology insights, market intelligence and advisory services company, serving more than 500 clients around the world to help them achieve operational excellence. ISG supports private and public sector organizations to transform and optimize their operational environments through research, benchmarking, consulting and managed services, with a focus on information technology, business process transformation, program management services and enterprise resource planning. Clients look to ISG for unique insights and innovative solutions for leveraging technology, the deepest data source in the industry, and more than five decades of experience and global leadership in information and advisory services. Based in Stamford, Conn., the company has more than 900 employees and operates in 21 countries.
For additional information, visit www.isg-one.com.
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SOURCE Information Services Group