The TBM Council 2022 State of TBM Report
For the second annual State of TBM survey, the TBM Council captured responses and insights from 563 technology practitioners across every global region to share how their companies utilize Technology Business Management (TBM). The results provide insights into the evolution of TBM as it serves the continuous changes occurring within business, finance, and technology departments. Here’s what they had to say.
TBM: THE DISCIPLINE FOR TECHNOLOGY VALUE MANAGEMENT
In uncertain economic times, organizations are challenged with making fast and informed decisions. TBM helps organizations tighten their belt while still investing in innovation and produces the data necessary for enhanced analytics and the insights to inform business decisions.
of organizations say data and analytics and reducing business costs are highly important business priorities.
said that TBM has reduced their cost-to-serve customers.
of technology departments surveyed agree that TBM principles and supporting software solutions provide the data they use for day-to-day operations.
TECHNOLOGY FUNDING: INCREASING TRANSPARENCY & TRUST WITH FINANCE
of technology departments include agile development costs within their TBM business models.
There is a clear shift beyond the “Core IT” services and products upon which TBM models have traditionally placed their focus.
of organizations are using products or value streams as the funding mechanism for software development.
Agile transformations are reaching beyond traditional IT and reshaping Finance’s support of technology – driving a value-based convergence between finance, technology, and business.
TBM practices, or centers of excellence (COEs), will need to provide consistent transparency across the lifecycle of product-focused investments. This transparency enables technology funding to be more agile and more connected to demand, resources, and business outcomes.
ARTICULATING VALUE WHILE EMBRACING NEW TECHNOLOGIES & WAYS OF WORKING
As new technologies are adopted, TBM classifies and positions those costs into the strategic technology framework used to support business insight and outcomes. TBM has evolved with the changing demands of the modern business, and the needs of supporting finance and technology teams.
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of respondents considered TBM to be important or essential to how they operate and evolve their technologies.
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of survey respondents have moved to a Public Cloud-First or Hybrid strategy.
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of technology departments surveyed have established FinOps practices.
THE FUTURE OF TBM
The future success of a TBM practice within an organization is dependent on its fusion with high priority business and technology initiatives. That synthesis should be based on critical capabilities and focused on:
Providing information and analytics on impact and value realization
Identifying new optimization opportunities
Becoming a driving force behind the increasing improvement and utility of data.
Download the full report to better understand how both commercial and public sector organizations across the globe are leveraging TBM to drive business value.
About the TBM Council
Founded in 2012, the Technology Business Management (TBM) Council is a nonprofit business entity dedicated to advancing the discipline of TBM through education, standards, and collaboration. Governed by an independent board of both global and regional business technology leaders, this diverse group represents some of the world’s most innovative companies, including Mastercard, Wells Fargo, State Farm Insurance, Nike, Stanley Black & Decker, Equifax, ANZ Group, Commonwealth Bank of Australia, Adidas, Bank of Ireland, and more. The TBM Council provides best practices for leaders to leverage so they can react quickly to changing market dynamics and optimize cloud and agile strategies to deliver on business objectives.
Learn more and become a member at tbmcouncil.org
Apptio is the Founder & Technical Advisor to the TBM Council. Our SaaS solutions help organizations make smart decisions as they analyze, plan, optimize, control, and collaborate about the investments that will transform the IT operating model. Apptio was founded in 2007 to provide cloud-based business solutions to customers. Since our inception, we’ve gone on to become a one-stop-shop for businesses looking to optimize their IT budgeting, forecasting, and financial analyses. After going public in 2016, Apptio was acquired by Vista Equity Partners in January 2019. This partnership has allowed Apptio to buy out competitors Cloudability & Targetprocess and surpass 1,000 employees. Read more about the partnership.
Learn more at Apptio.com