Evaluate the total cost of ownership over the expected lifespan of the technology investment, including acquisition, maintenance, and operational costs

Evaluating the total cost of ownership (TCO) over the expected lifespan of a technology investment is critical for making informed financial decisions. TCO includes not only the initial acquisition cost but also ongoing maintenance, operational costs, and any other expenses associated with the technology throughout its lifecycle. Here’s how to evaluate TCO effectively: Acquisition Costs: […]