Reduce IT Cost by understanding full cost of owning an application (TCO)
Recession is a pain to any business. But with some smartness, you can counter the situation.
Vendors often do not tell your business teams about the full cost of building, running and maintaining technology solution for a long term. You can prevent vendors from Shadow IT.
To avoid being hit by unknown costs in future, follow the advice in my video and save you from unknown IT expenses.
Before approving any project, I suggest that it is a best practice to measure the Total Cost of Ownership or TCO for 5 years.
So, whether it’s buying a new application or replacing an existing application, you can know the full costs and reduce your IT budget.