Feb. 28, 2024

Technology Business Management

Published May 21, 2023, 10:20 a.m. by Naomi Charles

When it comes to technology, businesses need to be proactive in order to stay ahead of the curve. technology is always changing, and businesses need to change with it in order to stay relevant. One way that businesses can stay ahead of the curve is by utilizing technology business management services.

technology business management services help businesses to understand and manage the ever-changing landscape of technology. These services can help businesses to save money, time, and resources by staying ahead of the curve. In addition, technology business management services can help businesses to improve their customer service and operations.

There are a variety of technology business management services available, and each one offers different benefits. Businesses should consult with a technology business management service provider to find out which services would be most beneficial for their company.

technology business management services can help businesses to stay ahead of the curve and improve their operations. These services are an essential part of any business that wants to stay relevant in today's ever-changing world.

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IT spending is at a historically high level,

and it keeps rising every year.

Naturally, the business asks the question:

"What value do we get from this spending?"

The question is simple

yet there is no simple answer.

Because while IT delivers business outcomes

the links between

IT activities and business value and priorities

are complex and indirect.

To answer the question,

the CIO and the CFO simply need two things:

First a common language that makes it possible

to create transparency.

And second a fact-based method

to collect and communicate IT spending.

Luckily, both are now available.

The TBM taxonomy is an industry framework,

which establishes a common language for IT functions

across industries and geographies.

Instead of companies referring to their

own definitions of types of costs

activities and services,

the taxonomy lays out a set of standards,

which IT functions across the globe have agreed on.

Not only does it make internal discussions clearer,

it also enables

easier external benchmarks.

One way of enabling the TBM taxonomy is with Apptio.

Developed specifically for the TBM,

the tool can pull and transform data

from a variety of sources

and present the data in clear, interactive reports.

It transforms interactions with the business

to a fact-based value discussion

using consistent terminology.

The CIO and the CFO

can now confidently say:

"This is what you get for your money."


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