Total Cost of Ownsership for Smart Automation

August 26th, 2020

Often companies develop or buy technology without calculating their Total Cost of Ownership (TCO), which is a big mistake. TCO doesn't only include cloud and development costs, but also the amount of time it will take your teams to learn the new system, and many other factors. These costs combined must be compared against a similar holistic calculation for the benefits, and only then can informed business decisions be made. In this post we go through an example of such calculations for a client of ours.


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AUTHOR
I help companies through digital transformations by designing and developing systems that improve human decision making with data, cloud, software, and mathematics (Machine Learning, Operations Research, Statistics). I also enjoy coaching teams and publishing content on Smart Automation.

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