Hidden business IT costs can significantly impact a company’s bottom line. In order to make informed decisions about their IT investments, businesses need to understand all of the expenses associated with running their IT department. For companies that don’t understand the full extent of their IT spending, hidden costs can add up without businesses even noticing.
Are you spending appropriately on business IT infrastructure and services? The answer may not be as straightforward as you think. Many factors will affect how much to spend on technology for your business. You must consider what you are trying to accomplish, what you can afford, and what is available. Most studies indicate that making wise IT spending decisions yields a substantial return on investment in productivity, quality, and end-customer experience that will more than pay for the money spent.