A leading provider of SaaS solutions has come up with a new way to notify users with opportunities for cost optimization, enhancing productivity, cost savings, and risk reduction.
FREMONT, CA: "Our software uses machine learning to translate technology costs and utilization across on-premises systems, vendors, projects, agile and cloud systems into a holistic, business-centric view," says Sunny Gupta, CEO of Apptio. The pioneering provider of SaaS solutions helping organizations make smart decisions, Apptio has unveiled Insights & Action Plans. The new solution is accessible throughout the company's cost analytics applications, starting with Cost Transparency and IT Financial Management. Insights & Action Plans to provide users with intelligent alerts designed to emphasize opportunities for increased productivity, cost savings, risk reduction, and improved data quality.
Insights & Action Plans users receive automated notifications of spend overages, hidden spending, costs associated with closed projects, poor forecast accuracy, and much more. The solution works by applying ML and a system of rules to customers' operational, financial, and vendor data, analyzing anomalies, and recognizing areas of repetition. Apptio users are alerted to such insights and tracks, managing progress made against them through Action Plans. The initial set of insights launched is chosen based on input and validation from hundreds of Apptio consumers, representing the crucial areas of risk for overspending. After every insight is discovered, users have the choice to track and manage progress through assigned Action Plans. The plans start by assigning work to an insight owner, then correlating the associated data with each insight, and updating the plan once the action is taken automatically. These Action Plans track the account of each insight and project future efficacy.
Apptio has found its mention in Top 10 Govt and Public Sector Tech Solution Companies in the UK by Govt CIO Outlook. Apptio® is the pioneering provider of SaaS solutions, helping businesses in making smart decisions as they optimize, analyze, design, control, and collaborate concerning the investments, transforming the IT operating model. Apptio's series of applications uses business analytics to offer facts and insights about technology value, cost, and quality so that the IT leaders can make faster and better data-driven decisions.