by Spectra Logic
Conducting a Total Cost of Ownership (TCO) analysis on the solutions you are considering can help avoid purchasing a solution that will be detrimental to your firm over time.
Total Cost of Ownership can be defined as: “A type of calculation designed to help enterprise managers assess both direct and indirect costs and benefits related to the purchase of any IT component. The intention is to arrive at a final figure that will reflect the effective cost of purchase, all things considered.”
This type of analysis can be used to assess an individual solution on its own merits. In addition, it may be used to conduct an opportunity / cost analysis across competing options. This white paper will review the construction of a simple TCO analysis tool, including common factors to consider, as well as demonstrate how it may be used to compare competing solutions.
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