Apptio Cloudability has been named a Leader in The Forrester Wave™: Cloud Cost Management and Optimization, Q3 2022 report. The report states, “Apptio has seen steady growth since our last evaluation in 2020.”
Innovation is at the heart of what we do at Apptio. When we continuously improve our products and stay at the forefront of our customers’ needs, it enables our customers to innovate as well. We’re thrilled to have, in our opinion, our commitment to innovation further recognized.
Now, let’s talk about the report and some of the reasons why we were named a Leader.
Getting included in the CCMO Wave
The Forrester CCMO Wave is a guide for buyers considering purchasing options in a technology marketplace. It ranks Leaders, Strong Performers, Contenders, and Challengers in the industry.
In the report, Forrester notes, “the cloud cost management market has exploded in popularity” in the past two years due to the fact that “the pandemic has drastically accelerated public cloud adoption” and that “the current economic state and inflation are causing companies to get budget-conscious about their cloud spend.”
The Forrester Wave evaluated 10 cloud management solutions based on 26 criteria grouped into three high-level categories: current offering, strategy, and market presence. To be included in the report, vendors must:
- Offer a standalone tool
- Support two or more public cloud platforms
- Include cost visibility and optimization
- Have significant product revenue
- Have all capabilities generally available as of June 6, 2022
Forrester CCMO Wave results
We were ecstatic to see that Cloudability received the highest scores possible in 13 of the report’s criteria, including cloud platform support, resource discovery, billing, reporting, monitoring, recommendations, cost planning and assessment, admin portal usability and experience, platform experience and SLAs, performance, number of users, and revenue.
The Forrester report stated, “Apptio’s vision is to help organizations maximize their technology investments by connecting its cloud cost management offering to its larger portfolio of technology business management and IT financial management (ITFM) solutions. It has deepened its offering depth by adding leading-edge capabilities such as integrated container cost management and rightsizing recommendations for Google VMs and persistent disk.”
Most important to us is the value we create for our customers – who shared with Forrester their appreciation for our “flexible business mapping engine, API extraction simplicity, and intuitive user interfaces.” The report says, “Apptio provides the strongest user experience.”
While we’re excited about our position, we will continue our mission to support our customers to drive optimal financial management processes through their organizations. We released over 40 high-impact features in 2021, and over 20 in 2022, including the ability to capture and allocate total cloud program spend, seamless data sharing across Apptio solutions, and rightsizing capabilities for GPU-backed instance types and AWS Auto Scaling Groups (ASG). Our commitment to innovation also earned us a Leader recognition in GigaOm’s Radar for FinOps this year.
There’s much more in store, and we’ll be sharing more of our 2023 roadmap at TBMC 2022.
Forrester also says, “Apptio is relevant for companies looking for a leading cloud cost management solution that integrates with technology business management and ITFM tools.” To us, this is a significant statement about our passion for innovation, our push toward continuous product improvement, and our commitment to serving our customers in their mission to bring IT, finance, and business stakeholders together to achieve financial accountability in the variable spend of cloud.
You can download the full Forrester Wave™: Cloud Cost Management And Optimization, Q3 2022 report here.
We can show you the value of Apptio Cloudability better than we can tell you about it. We would love to provide you with a demonstration to showcase how we can eliminate cloud waste, maximize committed usage discounts, and improve cloud cost certainty. Start a free trial.