"Digital Fuel is the only solution that can run IT like a business by defining and measuring the business value of IT" said Brett Arnott, Digital Fuel’s Director of Product Management and Product Marketing
Los Angeles, California (PRWEB) August 30, 2017
Digital Fuel today announced updates to its IT Business Management product suite with new features for defining, measuring and benchmarking metrics. The new Metrics Engine provides all the tools needed to use metrics to improve performance, make decisions, drive strategy and direction, and to improve communication of the value of IT to the Business.
“The possibilities are endless with the new Digital Fuel Metrics Engine,” said Brett Arnott, Digital Fuel’s Director of Product Management and Product Marketing. “Every business uses metrics to measure and improve performance, and to make decisions. Digital Fuel is the only solution that can run IT like a business by defining and measuring the business value of IT.”
The Metrics Engine includes a single inventory of all metrics, powerful tools for configuring new metrics, flexible benchmarking, security controls and pre-configured reports. The Metrics Engine is available for all three Digital Fuel Editions so that organizations can track metrics for cost, service level performance, vendor performance, hybrid cloud and business value.
Preconfigured Metrics and Reports
To make it easy to get started, the Metrics Engine includes twenty-eight (28) preconfigured metrics. The preconfigured metrics include financial metrics from the Digital Fuel cost model, cloud metrics for multi-cloud management and business value metrics for showing and improving the business value of IT.
Each metric can be compared against a benchmark to get an understanding of what is working and what isn’t. There is no vendor lock-in with benchmarking, so the information will always be meaningful. Digital Fuel’s comprehensive benchmarking data can be used, or organizations can source data internally or from other benchmarking services, as well. The impact of measuring and using metrics for communication and continual improvement can be seen with month over month reporting.
Without any comparison, measuring IT Spend vs Organization revenue may not give much insight. But when compared against your competitors it can provide insight into the value of IT to the business. IT Spend vs Organization revenue, IT Cost Per Employee and other business value metrics are preconfigured in the Metrics Engine.
Any Metric: Configurable Metrics Catalog
Digital Fuel’s unique approach to providing a user configurable catalog of metrics for IT Business Management means that any organization can configure and measure the metrics that are important for their business, when it is important. The Metrics Catalog includes the ability to add benchmark data from many sources.
All the Benefits of Digital Fuel IT Business Management
The Metrics Engine is built on the powerful Digital Fuel platform. Digital Fuel security controls are applied to the Metrics Engine so that metrics can only be managed and viewed by authorized users. The Digital Fuel data management platform automates data processing so that manual effort can be eliminated. The Metric Engine is available in the Digital Fuel Financial Intelligence, Service Intelligence and IT Business Management editions.
Additional features in Digital Fuel v8.7 include:
- Multi-Cloud cost management
- Automated data collection for Azure cloud services
- Improvements to AWS data collection, including automatic collection of cost allocation data and automatic collection of data from AWS Marketplace
Pricing and Availability
Available from 18th August 2017.
Existing customers can contact Digital Fuel support to discuss eligibility for update.
New customers can get more information and contact sales by visiting DigitaFuel.com.
About Digital Fuel
Digital Fuel develops software solutions that help organizations deliver more business value from every dollar spent on IT. We provide the only solution where IT leaders plan, manage and optimize the cost, quality and business value of IT service investments in one single system of record. IT and business leaders use Digital Fuel’s solutions for 100% of IT spend, private, public and hybrid cloud and for corporate shared services and revenue generating services. Digital Fuel maximizes the return on investment for hundreds of customers worldwide by providing low total cost of ownership (TCO). To learn more, please visit http://www.digitalfuel.com.
Digital Fuel Media