The corporate mantra “Utilize TCO instead of purchase price when making purchasing decisions” means evaluating a project’s Total-Cost-of-Ownership over its lifetime period as the primary cost factor. … More often than not in today’s security purchases, the decision rests mainly on the purchase price, however, the intelligent and savvy buyer looks at TCO.
When purchasing a cloud based security system, TCO analysis is needed because the purchasing and expense comparison are quite different between a traditional on-site solution and a cloud based solution. You do not, however, need to examine every last item in the TCO to do a comparison between the two. This article focuses on the major cost variables worthy of comparison.
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