Cost of IT

The Cost of IT refers to the total expenses involved in acquiring, implementing, maintaining, and upgrading technology systems within a company. This includes hardware like computers and servers, software licensing, network infrastructure, and ongoing support or updates. It also encompasses personnel costs, such as IT staff salaries and training. Understanding IT costs helps organizations manage budgets effectively, ensuring investments in technology provide value and support business goals without overspending. Essentially, it is the financial measure of all resources dedicated to keeping IT systems operational and effective.