Market Alert – The Potential Scope for Tellennium’s Management of Things™ Approach

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Market Alert – The Potential Scope for Tellennium’s Management of Things™ Approach

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Title: Market Alert -The Potential Scope for Tellennium’s Management of Things™ Approach

Author: Kelly Teal

This report explores the registered trademark Tellennium is pursuing for the Management of Things in context of the broader demand for companies to manage technology expenses. Technology has become a spend category that can affect real estate, utilities, waste, and other operational costs by changing remote work and business model strategies.

Description

Title: Market Alert -The Potential Scope for Tellennium’s Management of Things™ Approach

Author: Kelly Teal

Key Stakeholders: Chief Financial Officer (CFO),  Chief Information Officers (CIO), Finance Directors and Managers, Data Integration Directors and Managers, Software Architects, Facilities Managers

Why It Matters: COVID-19 has shown business leaders the inarguable importance of managing finances. As such, enterprises can, and should, do more to control their recurring expenses, including those beyond the realm of traditional technology. Amalgam Insights’ IT Rule of 30 states that every unmanaged IT spend category averages a 30% opportunity to reduce costs, including those for telecom, mobility, cloud, and software. Other unchecked, IT adjacent domains have, in general, room for savings of 10-40%. Organizations that put the time and energy into thoughtful, thorough cost controls give themselves the greatest chance at longevity and success.

Key Takeaway: Tellennium has brought to market its Management of Things approach, which centralizes management of cost, asset inventory, service orders, and process workflows across various recurring expenses. These include technology, utilities, and waste. The need to evaluate, and monitor, anticipated and ongoing costs has become more pertinent during COVID-19. The pandemic has revealed enterprise gaps in financial fitness, ranging from waste in the IT department to other line items such as utilities and garbage. Those gaps have turned into opportunities. The focus on the integration of IT and operational costs is increasingly valuable for enterprises seeking to gain holistic visibility into complex CapEx and OpEx investments in a dynamic and unpredictable global business environment.