Case Study: Philips achieves cloud cost savings and IT financial transparency with IBM Apptio and IBM Cloudability

Philips cuts cloud costs by 10% with Apptio

Philips, a global health technology company, faced challenges with transparency and accountability in its growing and complex IT and cloud landscape. Manual processes hindered cost optimization and alignment with business priorities. To address this, Philips turned to vendor Apptio, implementing IBM Apptio and IBM Cloudability for IT Financial Management and FinOps.

The solution established a fact-based operating model, starting with cloud cost optimization via Cloudability and expanding into broader Technology Business Management with Apptio. This provided real-time cost visibility and a new governance cadence. As a result, Philips achieved a 10% cloud cost saving in the first year, along with 100% cost allocation, improved forecasting accuracy, and a cultural shift toward data-driven decision-making.

Philips