TECH & AI
Regulatory compliance drives sustainability action Just as environmental considerations are vital for cloud , automation and AI costs , they are imperative for regulatory adherence . European regulations , particularly the Corporate Sustainability Reporting Directive ( CSRD ), have accelerated the adoption of integrated tracking solutions .
“ In EMEA , which is highly led by legislation , there ’ s been a lot more attention just because of CSRD ,” Ann explains . “ We are seeing things pick up because there was recent legislation in Australia as well as different regions .”
The regulatory landscape continues to evolve , with increasing consequences for non-compliance .
“ With Europe being one of the first to regulate sustainability , regulators are now putting out fines for inaction . It ’ s no longer just about visibility ,” Ann continues .
“ The penalties from just within IT are going to start to hit your CFO and Chief Risk Officer . That ’ s why you should partner and get ahead of it .”
New regulations such as the Digital Operational Resilience Act ( DORA ) create additional requirements . “ Every day right now , I ’ m having that conversation ,” Mallory says .
“ We can give them the data that helps them make transfer pricing decisions , which is going to help with their tax burden . We ’ re not a tax accounting software , but we are providing visibility so their accountants can make decisions .”
Data sovereignty and management Elsewhere , the issue of data sovereignty has become increasingly critical . “ Data storage costs , data warehouses and databases can all be tracked in the cloud ,” Mallory explains .
“ Highly regulated organisations such as financial services and healthcare firms are all retaining data , but they ’ re not necessarily sure what they ’ re going to do with it , or how best to manage it .”
Recently , Apptio launched a UAE data centre in AWS for hosting Cloudability and Apptio costing planning . “ People all over the world are getting much more into cloud , but they want their cloud to be controllable , visible and accessible to them and them alone ,” Greg notes . “ We ’ re also hosting on Azure as well as AWS , which is a big deal too .”
The company ’ s approach to data management reflects growing market sophistication .
“ We ’ re bringing multiple data sets together and modeling it to get a comprehensive view of a business ,” Mallory explains . “ It ’ s the same data , just presented in a different way . That ’ s what really enables businesses to make the right decisions , optimise , turn things off if you don ’ t need them , and invest in certain areas if they ’ re the big money makers .”
Future developments and market evolution As Apptio looks to the future , one eye is firmly on the evolving convergence of financial operations and sustainability tracking .
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