Technology Business Management

The Basics of Technology Business Management

Briefly, Technology Business Management (TBM) provides a standard way to categorise costs, technologies, resource applications and services. It also informs data driven decision making around smart IT investments. It is about managing IT like a business.

Click here to attend the TBM and Cost Transparency overview session we are hosting at our Johannesburg office on 12th July.

Annual tech spend is estimated to be a staggering USD 6.3 trillion per annum and rising. Why is it rising? Because every company is essentially becoming a technology company. Organisations are using technology to gain a competitive advantage and to drive operational efficiencies, whilst keep the light on in the business.

There are challenges and the toughest part of the CIO’s role is to optimise current expenditure whilst investing in more transformational activities – all within the constraints of the same budget.

Unlocking the business value of IT requires the following to be changed:

  • Unclear value
  • Uncontrolled costs
  • Disconnected planning
  • Lack of agility

Take a look at this short video which gives you a clearer understanding of Technology Business Management and and how IT leaders can show value to the business, make better business decisions, and move from being an expense centre or a service provider to a business partner and value driver.

Karabina provides a solution for Cost Transparency using the TBM Framework. Chat to us if you would like to discuss this more.

Click here to attend the TBM and Cost Transparency overview session we are hosting at our Johannesburg office on 12th July.

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