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Overview
Total Cost of Ownership (TCO) refers to the comprehensive assessment of all costs associated with owning and using an IT asset over its lifecycle.
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What Is TCO (Total Cost of Ownership)?
TCO includes not only the initial purchase price but also ongoing costs like maintenance, support, upgrades, and eventual disposal.
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How Does TCO Work?
TCO calculation considers both direct costs (acquisition, support) and indirect costs (downtime, training), helping organizations make informed investment decisions.
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Why Consider TCO & What Is Its Importance?
Considering TCO provides a more accurate picture of an asset’s overall cost and helps in comparing different options for cost-effectiveness.
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SysAid’s Solution For TCO
SysAid’s ITSM platform offers tools and features that allow organizations to track and analyze the total cost of ownership of their IT assets, aiding in effective decision-making.
TCO (Total Cost of Ownership)
SysAid’s Glossary of Terms
