Cloud TCO (Total Cost of Ownership): What It Means and How To Perform a TCO Analysis
Investing in the right systems, assets, and infrastructure is critical to business success. It can be the difference between profitability and loss. Businesses employ several methods to determine the value of a product or service before purchase or adoption. One of those methods is the total cost of ownership. Total cost of ownership (TCO) is the sum of all costs involved in the purchase, operation, and maintenance of a given asset during its lifetime.