As technology continues to advance, IT spending growth shows no sign of stopping. The rapid adoption of new applications, generative AI tools, cutting edge infrastructure, and IT services is sending costs higher—all while budgets receive increased scrutiny. Gaining control of this spending presents a challenge, as the scale and complexity of IT within an organization exacerbates siloed data, obscuring usage and making it difficult to measure business impact.

This 7-step guide will walk you through establishing and optimizing your ITFM practice, from creating and bringing together all your operational and financial data to fostering collaboration between IT and business leaders.