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Technology Business Management
Technology business management (TBM) is a set of information management disciplines for maximizing the business value of Information technology spending. By extending existing standard IT finance practices it can enable financial transparency to give technology leaders and their business partners the facts needed to collaborate and make decisions on IT spending.

History
TBM was first named formally in 2007 when six Chief Information Officers from companies including Cisco Systems, First American Corporation and Clorox amongst others applied business and accounting principles and processes to define the value in their IT systems in terms that were consistent and familiar to C-level executives. They called this discipline Technology Business Management

In 2010 this group of IT leaders grew to nearly 100 members and they conducted ongoing discussions via periodic online conferences. They called these meetings TBM Summits.

In 2012 the TBM Summit gave rise to a full-time non-profit called the TBM Council, the main industry association guiding development of this category. The TBM Council is currently writing a book about TBM methodologies. It recently held its first global TBM Conference in Seattle in November 2013.

Core Capabilities
TBM software or applications provide the following core capabilities for CIO and other IT executives;

• IT Finance Automation: Enables the automatic collection, cleansing and aggregation of financial and operational data and the production of monthly reports, analytics and bills of IT.

• IT Cost Transparency: Enables organizations to model and track the costs to deliver and maintain IT services that they provide to business.

• IT Benchmarking: Enables collection and comparisons of costs and spending metrics to their industry peers.

• IT Analytics: Provides extensive analytical tools to operations analysts and financial analysts to find more efficient ways to deliver infrastructure, applications and services.

• IT Billing: Provides an itemized bill showing what was consumed and at what cost, enabling IT chargeback and showback.

• IT Planning and Execution: Establishes ongoing data and analytics from the core services which streamlines planning for future growth throughout the year.

TBM Council
The TBM Council is the main industry association contributing to the emerging category of TBM. The TBM Council is a global non-profit comprising of more than 1000 CIOs and IT leaders dedicated to sharing and defining best practices to run technology as a business. Founded in April 2012, the TBM Council promotes the importance in CIOs being as transparent as possible about their IT operations, costs and investments, particularly when speaking with CEOs. The TBM Council advises these conversations are best had in a language the CEO will understand – a business language.

The group is helping establish a framework CIOs and other technology leaders can use to optimize IT and make the value of IT transparent to other internal stakeholders. In doing so, the TBM Council writes and publishes the TBM Book and creates industry-specific guidelines to facilitate benchmarking against and adoption of TBM practices.

Robert Webb, the former CIO of Hilton Worldwide and Equifax, was named CEO of the TBM Council in 2013.

In November 2013, the TBM Council held its inaugural TBM Conference in Seattle. The Conference drew nearly 400 IT executives together to discuss the discipline and practical use of TBM and to highlight use cases and explore best practices for managing the business of IT.

Partners and Sponsors
Software as a service (SaaS) application company Apptio is the technical advisor and founding member of the TBM Council. Business consultancy KPMG and industry analyst firm The 451 Group are sponsors of the TBM Council.