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IDC PeerScape: Best Practices for Reducing Total Cost of Ownership

Publisher IDC
Published Jan 21, 2025
Length 11 Pages
SKU # IDC19510779

Description

IDC PeerScape: Best Practices for Reducing Total Cost of Ownership


This IDC PeerScape examines the experiences of organizations that have developed best practices for not only identifying and managing computing costs but also using tools that increase efficiency and productivity and help reduce costs overall."Many elements in an accurate TCO assessment are not obvious," notes David Weldon, adjunct research advisor with IDC's IT Executive Programs (IEP). "TCO leaders should think of qualitative factors as the intangible benefits or drawbacks of TCO. That might include employee morale or customer satisfaction. By considering both direct and indirect real costs and the quantifiable and qualitative factors, a TCO leader can get a more complete picture of the total cost of ownership and make informed decisions accordingly."

Table of Contents

11 Pages

IDC PeerScape Figure

Executive Summary

Peer Insights

Practice 1: Educate Yourself on What Is Involved with Successfully Capturing Relevant Data Enterprisewide

Challenge

Examples

NortheastCIOs

University of California at San Diego

City of Corona, California

Guidance

Practice 2: Train Colleagues to Understand How Collaboration Leads to Better Controlling Costs

Challenge

Examples

NortheastCIOs

University of California at San Diego

City of Corona, California

Guidance

Practice 3: Evaluate the Relevance of Data in Terms of Whether It Adds to or Reduces Impacts on Spending

Challenge

Examples

NortheastCIOs

University of California at San Diego

City of Corona, California

Guidance

Practice 4: Develop a Methodology That Includes Metrics to Track When You've Gotten TCO "Right"

Challenge

Examples

NortheastCIOs

University of California at San Diego

City of Corona, California

Guidance

Pricing

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