Apptio, the business management system of record for hybrid IT, today announced real-time analytics for managing and optimizing public cloud costs in AWS. The new capability gives IT leaders real-time visibility into the cost and consumption of public cloud IaaS/PaaS environments alongside on-premises and private cloud investments.  With this innovation, Apptio further extends its lead as the only product capable of managing the "true cost of ownership" of Hybrid IT.  

According to recent Gartner research, "Top Challenges Facing I&O Leaders in 2017 and What to Do About Them," formulating and implementing a successful hybrid cloud strategy remains the single greatest challenge for infrastructure and operations teams. Managing the cost of cloud migration, public cloud sprawl, data center efficiency, SaaS applications and internal physical infrastructure is complex and highly variable. As public cloud spending continues to grow across multiple vendors, cost and utilization are captured in complicated invoices containing millions of line items which only further intensifies the problem. 

The agility provided by the cloud is a necessity for IT leaders focused on driving innovation at the pace of business, but because cloud services charge by the hour based on usage and consumption, it is easy for costs to quickly spiral out of control and become unsustainable. IT leaders must optimize their public cloud spend to drive better decision-making and alignment with business priorities. With the addition of real-time analytics for the cloud, Apptio's applications now give IT leaders more proactive control over cloud spend and consumption. 

"IT is mission critical to the business with the power to accelerate market-shaping innovation and new customer experiences through cloud technology," said Sunny Gupta, Apptio CEO. "Yet, enterprise tech leaders are looking for more flexibility than on-premises solutions offer. By embracing hybrid IT and real-time cloud costing, CIOs and their teams can avoid surprises and move from reactive fire-fighting to proactive delivery of business value that impacts the bottom line."  

These new capabilities quickly and easily identify valuable insights from the vast amount of data included within public cloud invoices. Customers can view their cloud spend on an hourly, daily, and weekly basis to proactively monitor spend and spot trends. IT can also leverage a standard model delivered by Apptio to allocate cloud cost and consumption directly to the infrastructure, applications and services each business unit consumes.