IBM's Chess Game: The Acquisition of Apptio
Today, we're diving into the latest tech news that's as thrilling as a high-stakes chess match. The player making the bold moves? IBM, the tech titan that’s been strategically setting up its pieces on the board. Today, they've revealed their latest move: the acquisition of Apptio, a shining lighthouse guiding businesses through the foggy waters of IT spending.
Remember Turbonomic?
To appreciate the full significance of this play, let's rewind the clock to when IBM acquired Turbonomic. At the time, it seemed like IBM was buying a utility player when what they really needed was a star striker. Turbonomic, a champ in automating cloud environment management, seemed like an odd choice, but as we're beginning to see, sometimes the utility player turns out to be the secret weapon.
The Missing Piece: Apptio
Fast forward to the present, and the plot thickens with IBM's acquisition of Apptio. This heavyweight brings expertise in IT financial management to the table, making it a crucial piece in IBM's grand scheme. But the real magic happens when you mix Apptio's financial management smarts with Turbonomic's automation capabilities. The result? A potent cocktail of business insights and automatic decision-making.
A Masterstroke in the Making
The acquisition of Turbonomic felt like buying a puzzle piece without knowing the bigger picture. But with Apptio now in the picture, it's like IBM has found the missing piece. It's as if they've added the secret ingredient that will transform their AI model to not only understand but also interpret the business context, making decisions more relevant for the business.
The Future of IBM's FinOps Platform
This strategic combo could mark a turning point for IBM. By bringing together Apptio's financial management prowess and Turbonomic's automation capabilities, IBM is setting the groundwork for a formidable FinOps platform. The tech world is as unpredictable as it is exciting, and the success of IBM's FinOps platform will hinge on how well they integrate Apptio's and Turbonomic's offerings.
Checkmate or Stalemate?
As spectators in this grand chess match, we'll have to wait and see if IBM's strategic moves result in a checkmate. They've made some acquisitions in the past that didn’t quite pan out, so it remains to be seen if they're playing to win this time. But one thing's for sure - this is going to be one heck of a match. So, keep your eyes on the board, folks!
Link to the IBM newsroom to read about the acquisition of Apptio can be found here…
https://newsroom.ibm.com/2023-06-26-IBM-to-Acquire-Apptio-Inc-,-Providing-Actionable-Financial-and-Operational-Insights-Across-Enterprise-IT