Top 3 Ways to Lower TCO in 2023

2 years ago thenewstack.io

Summary: This is a summary of an article originally published by The New Stack. Read the full original article here →

The cost of doing business has never been higher for modern enterprises. And while no company can entirely avoid paying these costs, CIOs and CTOs play a vital role in reducing the total cost of ownership (TCO) of the technology.

Businesses can save money on technology costs by automating processes, improving efficiency, and looking for cost-effective cloud solutions.

Reducing the cost of doing business is essential for any organization focused on increasing profitability, and it’s especially important for technology-based businesses.

Organizations are improving efficiency by examining existing processes, reducing duplication, and incorporating more effective modern alternatives, such as https://thenewstack.io/top-4-misconceptions-about-cloud-migration/, which is discussed below.

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