For CIOs, 2020 has brought the biggest push to cut IT costs since the Great Recession. One IT constant holds true over the last decade – economic uncertainty uncovers why approaches to cost cutting and operating models must evolve. Spend on applications can account for as much as 40% of the IT budget, so removing redundant apps and services is a time-tested approach to cutting costs. But the world of SaaS, IaaS, and PaaS makes the approach much more complicated to execute. Apptio ingests and structures data from multiple financial and operational data sources into an industry-standard classification of IT costs. This single view enables IT, finance and business user to inform technology investments decisions that can reduce their application and services portfolio by 50%.
In part 3 of our “Four Secrets to IT Cost Savings” webinar series, we look at how to understand the fully-burdened costs of applications and services and their utilization to inform tolerate, invest, migration and elimination decisions.
In this on-demand webinar, we’ll showcase how Apptio helps organizations: