TMCnet News
New Analysis From Apptio Finds U.S. Federal Agencies Spending $858 Million On Cloud, Less Than 2 Percent Of All Tech SpendingBELLEVUE, Wash., March 20, 2019 /PRNewswire/ -- Apptio, software that fuels digital transformation, introduces Apptio® Federal Insights, a free application designed to help federal agency leaders align IT resources, reduce risk and drive value to maximize mission objectives. Apptio analyzed publicly available IT spending data from approximately 90 federal agencies totaling more than $74 billion in fiscal year 2018, finding less than two percent ($858 million) was dedicated to the cloud. This level of spending is a sharp contrast to private sector organizations who are allocating up to 30 percent of their budget to cloud computing. In the move to modernize, many agencies are embracing cloud infrastructure and SaaS solutions to quickly provide valuable technology services to their mission constituents. Shifting from legacy, on-premises applications and storage is changing the way federal agencies are investing. According to Apptio's analysis, key trends in federal technology spending include:
"Apptio's decision to build a readily accessible free application, using publicly available data, will give federal agencies tremendous insight into where their IT dollars are being spent," said Adam Mcllwain, Senior Manager of SIE Consulting Group. "As a strong proponent of the TBM taxonomy, SIE Consulting Group has consistently fought to help our federal customers modernize their technology infrastructures. Using sophisticated machine learning capabilities, Apptio's investment in this analytics tool will kickstart agencies pursing TBM implementation and accelerate the tremendous benefits of achieving robust cost transparency." "Because many agencies are using tools and processes that are not purpose-built to manage the complexity of IT, there is an excessive amount of unvalidated data throughout federal agencies," said Bob Carter, VP of Public Sector and Operations at Apptio. "That is why it is crucial for agencies to apply a set of foundational rules through TBM and Apptio to gain insights, validate data and support their digital transformation journey while making strategic business decisions." Apptio is the leading provider of Technology Business Management (TBM) software that automates the collection and analysis of technology spending data across the public and private sector. Powered by machine-learning, Apptio's software provides visibility and actionable insights so that federal finance and technology professionals can make informed decisions about key strategic investments. Apptio Federal Insights is now available as a free application for employees of federal agencies through select partners. For more information, please visit: https://info.apptio.com/Federalinsights About Apptio: Apptio fuels digital business transformation. Technology leaders use Apptio's machine learning to analyze and plan their technology spend so they can invest in products that increase the speed of business and deliver innovation. With Apptio, they translate raw costs, utilization, and billing data into business-centric views that help their organization optimize spending, plan strategically, and drive digital strategy that funds growth of the business. Technology leaders can gather instant recommendations that result in up to 30% saving on cloud services. For more information, please visit www.Apptio.com. © 2019 Apptio, Inc. All rights reserved. Trademarks and logos are the property of their respective owners. Media Contact: Sarah Bergstrom-Leach
View original content to download multimedia:http://www.prnewswire.com/news-releases/new-analysis-from-apptio-finds-us-federal-agencies-spending-858-million-on-cloud-less-than-2-percent-of-all-tech-spending-300815396.html SOURCE Apptio |