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."
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
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook