Technology Economics for the Modern Enterprise
Trace Every Tech Dollar to Business Value
Industry Trends
According to Gartner, in 2025, global IT spending is expected to reach $5.75 trillion, up 9.3% from 2024. The strongest growth areas are IT services, software, data center systems, and devices, reflecting ongoing digital transformation and increased demand for cloud and AI infrastructure.
AI spending is accelerating toward $1 trillion by 2027, making robust visibility and a clear strategy essential to control costs and maximize value. Demonstrating tangible AI-driven results is crucial for building shareholder confidence and showcasing long-term enterprise value.
Small and medium businesses drive over 65% of financial management software adoption, seeking simpler, cost-effective solutions. WealthTech and data management platforms are growing rapidly, fueled by demand for digital financial services and advanced analytics.
By 2027, software, engineering, and IT services will account for 60 to 70% of global tech spending, highlighting their central role in digital transformation. Yet, most FinOps tools and practices remain narrowly focused on cloud cost management, overlooking broader software and IT service spend.
Gartner predicts that by 2025, 60% of project managers will need to apply greater financial acumen to effectively drive business outcomes. This shift reflects the increasing importance of aligning tech portfolios with broader business strategy and financial goals, as organizations face heightened pressures to demonstrate value.
The shift to subscription-based licensing models results in significant cost increases, particularly for smaller organizations or those with legacy deployments. This is driven by higher minimum purchase requirements, bundled product packages, and the elimination of perpetual licenses, as exemplified by recent changes in VMware’s pricing structure.
Cloud cost management is a major challenge, with organizations wasting about 32% of cloud budgets due to lack of visibility and complex pricing. Despite prioritizing cost optimization and expanding FinOps, most still exceed their cloud budgets by an average of 17% as spending continues to rise.
According to a 1E survey, organizations waste between 23% and 42% of their development efforts on technical debt, significantly impacting budgets and the bottom line. With global IT service industry spend projected to reach $2 trillion, addressing technical debt is crucial for maximizing ROI and maintaining competitiveness
Insights
“Worldwide IT spending is expected to total $5.26 trillion in 2024, marking a 7.5% increase from 2023. Spending on data center systems is anticipated to rise by 24%.” – Gartner, Inc.
“By 2025, 60% of PMO and EPMO staff will be required to have and apply greater financial acumen to drive business outcomes.” – Gartner®️ Predicts 2023: Strategic Portfolio Leaders Must Navigate Trade-Offs to Address Opposing Pressures, Nov. 2022
“One VMware client shared that they’re experiencing a 500% price increase based on their current use of VMware products and how it maps to the new licensing and packaging.” – Forrester Research
“Approximately 30–35% of cloud spending is wasted, which could amount to $147 billion annually.” – Various Sources
“On average, companies are wasting 37% of their software spend — a proportion that would be deemed unacceptable in any other part of the business.” – Analysis covering 3.6 million seats and 1,800 software titles across 129 leading corporations
“Organizations waste between 23% and 42% of their development efforts on technical debt, impacting their budget and bottom line.” – Recent Surveys 7. Forrester: Global IT Service Industry Spend Will Reach $2 Trillion By 2028
Software and IT services will capture more than two-thirds of global tech spending by 2027, Forrester projects.
Our Solutions
FinOps Outcomes as a Service (FaaST)
Supercharge your financial operations with a dedicated team of FinOps experts-no hiring required. FaaST delivers unified visibility, accountability, and strategic insights across all your technology spend. Move beyond cost savings to reveal untapped capacity and new growth opportunities. Benefit from automated governance, executive-ready reporting, and industry benchmarking to keep you ahead of the curve.
Tekonomics™ Platform
Gain complete visibility and control over your technology spend. Tekonomics™ brings all your investments-across cloud, SaaS, AI, and more-into a single, intuitive platform. Instantly connect every tech dollar to business outcomes, empower teams with gamified tagging and automated accountability, and integrate seamlessly with your existing tools. Make smarter decisions and maximize the impact of your technology with real-time insights at your fingertips
Why Choose Us?
Complete, Unified Visibility
We bring all your technology spend-across cloud, SaaS, AI, engineering, and consulting-into one clear, actionable platform. No more guesswork or siloed data; just the full picture you need to make confident decisions.
Direct Link Between Spend and Business Impact
Every dollar counts. We connect your technology investments directly to measurable business outcomes, helping you justify spend and align technology with strategic goals.
Automated Accountability and Governance
We simplify tagging, reporting, and compliance with automation that keeps your teams engaged and accountable-reducing risk and freeing your people to focus on what matters most.
Cutting-Edge Agentic AI Backed by Real Expertise
We simplify tagging, reporting, and compliance with automation that keeps your teams engaged and accountable-reducing risk and freeing your people to focus on what matters most.
Seamless Integration with Your Existing Tools
Our platform connects effortlessly to your cloud, finance, and operational systems, ensuring smooth data flow and real-time insights that keep you agile and ahead of the curve.
Expert FinOps Support Without the Hiring Headache
Access a world-class FinOps team instantly. We help you optimize spend and uncover growth opportunities, so your internal teams can focus on innovation instead of administration.