IT Cost Transparency Infographic
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Gartner forecasts worldwide IT spend will grow by 3.1% in 2014 to $3.8 trillion, yet many IT organizations are still struggling to track IT spend, relate spend to business priorities, and measure and communicate the value created by IT for the business. Learn how Apptio can help: http://www.Apptio.com/transparency
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IT Cost Transparency Infographic
- 1. http://gtnr.it/1enORxL IT Spend Increasing Gartner forecasts worldwide IT spend will grow by 3.1% in 2014 to $3.8 Trillion $3.8 trillion Why IT Cost Transparency Matters *1 http://bit.ly/1iv18TW *2 Many IT Organizations are struggling to: Track IT spend Relate spend to business priorities Measure and communicate the value created by IT for the business
- 2. 50% Business leaders believe IT hinders business success 66% CIOs believe IT accelerates business success 8% 5% BUSINESS LEADERS Business leaders estimate revenue spend on IT is In reality, revenue spent on IT is just CIOs http://bit.ly/1ltXVGb *3 DISCONNECT IN COMMUNICATION BETWEEN CIOs AND BUSINESS LEADERS OVER IT SPEND NEED FOR ITCOSTTRANSPARENCYIS FELT STRONGLY 54% http://bit.ly/1iv1yJV *5 CIOs want to simplify the process of creating IT analytics and metrics. 35% http://bit.ly/1iv1yJV *5 CIOs are not satisfied with the process they currently use. 3/4 http://bit.ly/1cMyuzV *4 of CIOs want to track the annual cost to deliver and maintain IT services.
- 3. http://bit.ly/1iv1yJV *5 http://bit.ly/1enPAPf *10 http://bit.ly/1iv1yJV *5 CIOs / IT Managers / LoB Managers are looking for tools that could provide: Insights to optimize IT investments across all departments, portfolios and business functions. Decentralize IT spending and evaluate per-customer “profit and loss” statements to focus on the opportunity costs associated with underperforming services. Industry and internal benchmarks to demonstrate competitiveness and highlight variations between business units, geographies, and other business factors. WHYORGANIZATIONSAREUNABLETOACHIEVEITCOSTTRANSPARENCY IT lacks an automated and easy-to-use mechanism to communicate IT cost transparency and business value. More than ?24hrs Answer in 60% 56% http://bit.ly/1cMyuzV http://bit.ly/1i8ccIj http://bit.ly/1i8ccIj *6 *4 CIOs have no regular communication processes and zero transparency on the breakdown of IT Services budget. CIOs aren’t confident to give an accurate answer on the annual spending levels for IT services. *6 None of the CIOs calculates TCO for IT services more than once per month.
- 4. The disadvantages of using spreadsheets: http://bit.ly/1cMyuzV *4 ! http://bit.ly/1cMyD6s *7 Error prone http://bit.ly/1kJkxVP *8 Time intensive http://bit.ly/1iv1yJV *5 Labor intensive NEARLY50%OFCIOsSTILL USESPREADSHEETSTO MANAGETHEIRITBUDGETS 1 2 3 4 WHY? Finance and business units use different data from contexts that don’t align. Finance gets data from Operations, which is incomplete and lacks context. Static reports lack the depth to pinpoint action or foster trust. Typical expense reporting doesn’t have sufficient details to identify the sources of variance. ! ? ? http://bit.ly/1i8cqPy *9 ITANDFINANCIALDATADON’T MATCHUP, SO IT FINANCE IS NOT ABLE TO PROVIDE ITWITH RELEVANT AND ACTIONABLE DATA.
- 5. Automated Spend less time manipulating data and spreadsheets, and more time driving value-added analysis. Accelerate financial review processes from hours to minutes. Deliver variance reports in hours, not days. Empowered Empower accountability among project and tower owners to better manage their budgets. Report variance in the context of projects and towers where source and corrective measures are easier to find. Credible Improve credibility with the business via fact-based conversations about cost drivers and units. Actionable See how budgets relate to services and projects before making adjustment decisions. Course correct budgets more quickly and precisely to avoid disruptions from dramatic cuts. Apptio For more on how Apptio can help, please visit: www.apptio.com/transparency http://bit.ly/1i8cqPy *9 What’s the solution? Apptio Cost Transparency Foundation is a SaaS-based analytics solution for IT Finance professionals and IT cost center owners. Apptio’s cost transparency solution automates monthly reporting and enables the analysis of GL costs translated into IT-relevant towers and projects. With Apptio Cost Transparency Foundation, you are: