1 | © 2019 Apptio, Inc. All rights reserved. Trademarks and logos are the property of their respective owners. Apptio.com Automating IT Cost Transparency Software that helps CIOs run IT like a business White paper Executive summary IT spend has become one of the largest budget line items in companies today. IT organizations worldwide spend $6.3 trillion dollars annually, and that figure is growing at 2.45X the rate of global GDP growth. Despite rising IT spend, many IT organizations lack the capability to clearly and easily articulate where that spend is going, how it correlates to the services they are delivering, or what value the business realizes from those services. In order to stay competitive, businesses must optimize and align future IT investments with the

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