{"id":53141,"date":"2023-07-19T08:16:03","date_gmt":"2023-07-19T12:16:03","guid":{"rendered":"https:\/\/insi.net\/?p=53141"},"modified":"2023-07-19T08:16:03","modified_gmt":"2023-07-19T12:16:03","slug":"it-total-cost-of-ownership","status":"publish","type":"post","link":"https:\/\/insi.net\/how-to-articles\/it-total-cost-of-ownership\/","title":{"rendered":"How to Measure Your IT Total Cost of Ownership"},"content":{"rendered":"

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A lack of planning for Information Technology can lead to unforeseen financial waste in your Total Cost of Ownership (TCO).\u00a0 Signs you are wasteful in your spending include a continuous investment in old, unsupported technologies, too much time spent on virus cleanups, and excessive spending on legacy custom software solutions.<\/p>\n

High IT Total Cost of Ownership Issue<\/strong><\/h2>\n

High IT Total Cost of Ownership is when the labor and parts to repair the unit exceed the planned budget or value of the equipment or software. After the purchase, you can expect additional fees such as installation, transition, employee training, security, disaster recovery planning, ongoing support, and future upgrades. However, problems resulting from outdated equipment can incur additional costs from viruses, software or equipment compatibility issues, or lack of updates\/patches. If this describes your IT environment, it is time to look at your total cost of ownership.<\/p>\n

MSPs & IT Total Cost of Ownership<\/strong><\/h2>\n

High IT Total Cost of Ownership issues is a challenge overcome. It requires reviewing your legacy equipment and software, creating a phased plan, and an honest review from your IT support provider. Unfortunately, many independent contractors and managed services providers find fixing issues more profitable if paid hourly. Note: Even under a fixed fee, providers will not cover support for equipment that is out of warranty.<\/p>\n

INSI Informs<\/strong><\/h2>\n

INSI (pronounced like insight) engineers are forward-thinking. To avoid high IT TCO we:<\/p>\n