IBM’s Leadership in Cloud Cost Financial Management: Recognized by Gartner and Forrester
IBM has recently been acknowledged as a leader in the Cloud Cost Financial Management (CFM) space by both Gartner and Forrester, underscoring its strong position in optimizing cloud spend for enterprises. In October 2024, Gartner positioned IBM as a leader in its Magic Quadrant for Cloud Financial Management Tools, a recognition that highlights the company’s ability to integrate cutting-edge solutions across major cloud platforms. This follows IBM’s acquisition of Apptio and Turbonomic, two significant moves that have strengthened its CFM capabilities and positioned it as a top player in this rapidly evolving market.
Gartner’s recognition of IBM stems from its comprehensive CFM offerings, which span across multiple cloud platforms, including AWS, Microsoft Azure, Google Cloud Platform, and Oracle Cloud Infrastructure. The company’s Cloudability product, now part of the broader IBM FinOps suite, enables organizations to manage and optimize cloud spend with precision. IBM Cloudability stands out for its ability to make actionable recommendations related to both spend and resource commitments, providing enterprises with the tools to more effectively predict and manage their cloud budgets. Additionally, IBM’s deep integration with other enterprise systems, combined with its powerful financial planning and business context mapping capabilities, offers businesses unmatched clarity in linking cloud costs to strategic objectives.
In parallel, IBM was named a leader in Forrester’s 2024 Wave™ report for Cloud Cost Management and Optimization (CCMO) Solutions. Forrester evaluated 12 solutions based on 25 criteria, and IBM’s Cloudability product was lauded as the “most complete full-stack CCMO solution.” One of the key strengths highlighted by Forrester is IBM’s roadmap for integrating Cloudability with Turbonomic in a unified portal, offering a holistic approach to cloud cost management and optimization. This integration is seen as a strategic advantage, providing users with superior capabilities for optimization, remediation, platform placement, and usage policies. However, Forrester also notes that while this integration is promising, its full realization remains a challenge, with customer expectations focused on a seamless, unified experience.
IBM’s leadership in the CFM space is further underpinned by its significant market traction and enterprise-focused solutions. For organizations seeking comprehensive cloud cost management tools with a robust roadmap for the future, IBM stands out as a top choice, with the financial strength to support large-scale implementations and the expertise to meet complex, evolving business needs.
Both Gartner and Forrester’s evaluations underscore IBM’s prominence in the CCMO market, as it continues to innovate and expand its offerings to help businesses optimize their cloud spending effectively.
For more information about Cloud Cost Management & Optimization and FinOps best practices, contact our experts at Contact@Itsvalue.com or see the contact form on our website www.itsvalue.com. It’s Value is your reliable IBM and Apptio Partner.
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