Apptio has unveiled a cloud-based system that allows enterprises to measure their IT costs and automatically compare them against industry peers.
Apptio's software-as-a-service (SaaS)system uses a combination of third-party benchmarking data from more than 3,000 organisations and its own anonymised customer service data.
Apptio's new Cost Transparency solution automates the measurement of IT costs using the same categories and methods as its new IT Benchmarking solution, allowing customers to make direct annual or ongoing comparisons of costs against their industry peers.
The supplier's offering relies on the Apptio TBM Unified Model, which is a blueprint for standardising IT categories and cost measurements based on hundreds of enterprise deployments.
Historically, calculating the true costs of owning IT assets and delivering services has been challenging for IT leaders and business executives.
The variables that contribute to costs inside a company's data centre include a complex mix of hardware, software licenses, staff salaries, real estate and facility costs, energy use and external cloud and consulting services.
"Just as GAAP sets the standard for the way public companies are evaluated, Apptio is developing, with endorsement from the Technology Business Management Council and outside experts, the industry standard to measure the cost and quality of IT," said Sunny Gupta, Apptio chief executive officer.
"With a complete picture of costs that adheres to a standard IT categorisation model, IT leaders and business executives can finally compare the performance of their IT operations against peers in their industry using unbiased, defensible data," he said.
Sign up for CIO Asia eNewsletters.