oboloo Glossary

IT Operating Costs

oboloo Glossary

IT Operating Costs

IT Operating Costs are expenses incurred by a business for the day-to-day running of its technology infrastructure. These costs include hardware and software purchases, maintenance contracts, staff salaries, power and bandwidth costs, third party support, office space and more. When managed efficiently, IT Operating Costs can be a major asset to businesses, enabling them to improve productivity and competitiveness. However, if not properly managed, these costs can quickly become unsustainable as they continue to rise year-on-year. With careful planning and strategic investments, businesses can optimize their IT Operating Costs and unleash the full potential of their technology investments.