23-01 Total Cost of Ownership (TCO)

Last updated Aug 17, 2023 Edit Source

• TCO is a financial estimate intended to help buyers and owners determine the direct and indirect costs of a product or service.

Purpose

Creating a TCO report is useful when your company is looking to migrate from on-premise to cloud.

Note

“cloud services can initially be more expensive than running on-premises data centers.
However, it also proves that cloud services can become cost-effective over time if organizations learn to use and operate them more efficiently” ~ Garter