Total cost of ownership (an estimate of all the direct and indirect costs involved in acquiring and operating a product or system over its lifetime)
calculating the TCO for any given piece of technology is the most basic kind of cost assessment
Example sentencesExamples
- Energy consumption is rapidly becoming a significant component of the TCO.
- The total cost of ownership (TCO) comprises much more than the obvious capital costs.
- Storage TCO includes both direct and indirect costs and benefits related to the purchase of a storage component.
- Analysts caution that the initial price of ownership is only a small part - often less than ten per cent - of the total cost of ownership (TCO).
- The TCO for an IT organization obviously includes more than just assessing the costs of storage hardware.