TCO is often overlooked, and unbudgeted, presenting an inaccurate IT spending analysis.
Most organizations believe their direct costs end at the point of purchase.
Indeed, it is fair to say that most organisations tend to only act to ensure data quality when they implement new systems, undergo a major update, when they need to integrate with another platform, or when something goes disastrously wrong.
As a consequence, the accuracy of the information held in IT systems, even that in business-critical databases, will "drift" over time.
Before you invest in new IT equipment this year, we encourage you to evaluate your spending history and implement best practices that will improve your bottom line. ( defines TCO as the total cost of using and maintaining an IT investment over time.
TCO calculations include a combination of direct costs (hardware, software, operations and administration) and indirect costs (end-user operations and downtime).
This is usually set to update automatically, but here's how can check to make sure.
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