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 The 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 Performance 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 Comprising an 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. Contact: Shelby Lichliter Edelman PR for TBM Council ApptioPR@edelman.com +1 925-216-5303
The Technology Business Management Council Grows by 218 Percent in 2013; Introduces Vertical Workgroups Backed by New Partners
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