The Technology Business Management Council Grows by 218 Percent in 2013;
Introduces Vertical Workgroups Backed by New Partners
Rapid Growth of Nonprofit Organization Signals Need for
Industry-Focused Benchmarking and Expanded Research Initiatives
BELLEVUE, WA -- (Marketwired) -- 11/05/13 -- Today at the Technology
Business Management (TBM) Conference, the TBM Council, a nonprofit
group comprising more than 950 IT leaders, introduced several
workgroups to focus on vertical industry best practices and
benchmarking for CIOs and CTOs. The Council also named several new
Partner Principal Members who will facilitate these workgroups and
provide additional resources and funding to expand the Council's
agenda. The TBM Council is also driving new research initiatives and
partnered with Vanderbilt University's Owen Graduate School of
Management to explore the correlation between TBM practices and
corporate financial performance.
New Industry Workgroups Support Collaboration and Benchmarking
Council, in conjunction with its technical advisor Apptio, has formed
executive-led workgroups for financial services, communications and
media, energy and high-tech. The workgroups comprise IT leaders who
will come together to discuss industry-specific business technology
strategies and draw key insights from their collective experiences.
To enable more meaningful comparisons of cost and performance, the
workgroups will collaborate on key IT benchmarks for their verticals.
This effort will include co-defining industry-specific
classifications of technology and business services, the lack of
which impedes effective benchmarking exercises. This is the first
industry-driven initiative aimed at creating benchmarking standards
tailored to key verticals and these benchmarks will support more
informed collaboration on best practices.
"Since technology is a core enabler of business strategy, the way we
create value depends on the industry in which we operate," said Ken
Piddington, chief information officer at Global Partners. "The TBM
Council's workgroups will give me a chance to collaborate with other
executives in my industry and will inform those discussions with
data. This is a completely unique approach."
Partner Principals Broaden TBM Council's Agenda
The Council also
announced new Partner Principal Members: KPMG, Information Services
Group (ISG) and Telstra. These companies add complementary
subject-matter expertise and industry vertical knowledge to augment
Apptio's role as the technical advisor to the Council. In addition,
their financial support of the Council helps broaden its agenda to
include additional industry workgroups over time, meet new research
goals, and create other opportunities for executive collaboration.
Academic Research Reveals the Relationship between TBM and Corporate
M. Eric Johnson, Dean of Vanderbilt University's Owen
Graduate School of Management, shared his initial findings from his
research linking TBM practices for business-IT alignment and
corporate performance during the TBM Conference. His research
involved data from the TBM Index and corporate financial statements
to better understand the effect of TBM practices, such as cost
transparency and planning, on revenue growth. A full report will be
available later this year.
"The TBM Council has more than doubled in membership over the last
year because of its focus on business value creation by today's IT
leaders," said TBM Council CEO Robert Webb. "We're now able to see
how the TBM strategies our members employ are making a real
difference to their business. I can think of no other
executive-driven organization that is having such a positive impact."
About the Technology Business Management Council
innovative group of CXOs from a diverse group of Fortune 500
companies, the Technology Business Management (TBM) Council is a
nonprofit organization focused on the development of a definitive
framework for running technology organizations like a business. Our
mission is to serve equally our members and our profession by
synthesizing TBM best practices into a professional and recognized
discipline for the IT industry. By participating in the TBM Council,
members learn from their peers how to maximize the business impact of
every dollar invested in technology and to become more strategic to
the business. TBM Council members are responsible for more than $350
billion in combined annual IT spending globally. The TBM Council is
open to any qualified business technology executive. To learn more
about the TBM Council, visit: www.tbmcouncil.org.
Edelman PR for TBM Council
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