Technology Business Management Strategy

What is Technology Business Management (TBM)?     

• TBM is a discipline that improves business outcomes by giving organizations a consistent way to translate technology investments into business value.
• Just as CROs use a CRM system to manage their work and make informed decisions, CIOs use TBM to manage their tech investments (dollars and resources) to run IT like a business.
• In addition to the discipline, TBM also provides a standard taxonomy or framework that enables CIOs to look across the entire technology landscape in a consistent way.
• Many organizations begin their TBM journey with a focus on IT Financial Management which is a foundational process  that is used to assess all technology spend. Others begin with a focus on FinOps which is a foundational process for cloud cost management and increasing the business value of cloud.
• The most compelling aspect of TBM is the ability to give you insights by aggregating multiple data types (cost, consumption, etc.) These insights help leaders make trade-off decisions on where to focus investments to make the greatest impact on the business.  This value creation can be linked to business outcomes, hence the power of TBM as a discipline!

How Does ECI Serve Clients Leveraging TBM?

• TBM Strategy – Whether you’re starting your TBM journey or looking to reboot your program, ECI will advise you on the value framework for TBM and map use cases to outcomes that align with your business needs.
• Program Management & Governance – Driving a transformation initiative with TBM or FinOps? Need to align critical stakeholders and ensure your project remains on budget and in scope? ECI experts can meet your needs.
• Managed Services– If you’re looking for solution experts to assist with supporting your software application, ECI can help.
• Education – ECI certified instructors can facilitate executive workshops and foundational coursework on TBM principles. Get your team up to speed on TBM best practices.