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Why Is IBM a Leader in 2024 Gartner Magic Quadrant for Cloud FinOps?

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by Maison Edwards
October 29, 2024
Why Is IBM a Leader in 2024 Gartner Magic Quadrant for Cloud FinOps?

In a notable achievement for IBM, the company has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Cloud Financial Management Tools, particularly for its IBM Cloudability product. Apptio, an IBM company, spotlighted this acknowledgment, emphasizing the effectiveness of IBM’s solutions in various critical areas such as Financial Risk Management, Forecasting, and Driving Business Value Use Cases. These accolades, highlighted in the 2024 Gartner Critical Capabilities report, underscore IBM’s strength in helping businesses navigate the complexities of financial management within cloud environments.

Ajay Patel, General Manager of Apptio & IT Automation, attributed IBM’s success to its relentless commitment to innovation, particularly in the realms of AI and cloud technologies. IBM Cloudability stands out by enhancing financial accountability within cloud environments, making it easier for IT, finance, and DevOps teams to optimize deployments in terms of speed, cost, and quality. By translating cost and operational data into actionable business insights, IBM Cloudability aids in improving the economics of cloud usage and ensuring that technology investments are both strategic and efficient.

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IBM has earned the prestigious recognition of being named a Leader in the 2024 Gartner Magic Quadrant for Cloud Financial Management Tools, specifically for its IBM Cloudability product. This accolade, highlighted by Apptio, a subsidiary of IBM, underscores the company’s excellence in key areas like Financial Risk Management, Forecasting, and Driving Business Value. The 2024 Gartner Critical Capabilities report further emphasizes IBM’s prowess in assisting businesses with the intricate task of financial management in cloud settings.

Ajay Patel, General Manager of Apptio & IT Automation, remarked that IBM’s success can be attributed to its unwavering dedication to innovation, especially in AI and cloud technologies. IBM Cloudability is notable for its role in enhancing financial accountability within cloud environments, enabling IT, finance, and DevOps teams to optimize their operations concerning speed, cost, and quality. By converting cost and operational data into actionable business insights, IBM Cloudability boosts the economic efficiency of cloud usage and ensures that technology investments are strategic and effective.

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