When considering a technology purchase, thinking about the return on investment (ROI) can help you and others decide whether the solution is worthy of budget. But that’s not the only time when ROI is useful. It is important to challenge yourself to look beyond just the initial spend and consider the ROI based on Total Cost of Ownership (TCO) to help you make more accurate projections of costs and benefits the next time you make a purchase. Accurate TCO-based ROI calculations help you build trust among those controlling the purse strings and ultimately make your case for future technology funding stronger.
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