Key Points
IBM has announced that it is buying Gupta's company Apptio Inc., a leader in financial and operational IT management and optimisation (FinOps) software, for $4.6 billion...
"I remember I was in a meeting with the CIO of Goldman Sachs and there were a couple minutes left of the meeting when the CIO complained of not having a way to make data-driven decisions around their spend on technology," Gupta said in an interview with Yitzi Weiner, Founder & Editor of Authority Magazine..
"Just as sales has CRM, and finance has ERP, todays IT leaders need a way to manage technology investments, plan for the future, and communicate the business value of IT," Gupta had said.. Apptio was the right company to come at the right time..
When big companies were spending billions on IT, they wanted transparency on that investment, Gupta helped them manage and find the value of their IT spends when the CIOs did not have any sophisticated tools to do that, and the available tools at a company were not suitable for IT...
"When one early customer Starbucks ran its data through Apptio, the company found that it was spending a lot more than necessary on software for employee laptops," Gupta told Seattle Business Mag in an interview..
