Total Cost of Ownership
Total Cost of Ownership (TCO) is a well-established concept in many industries, not the least in IT. Building a cost-effective video surveillance system is a challenging task. There are many costs to consider, and also a lot of savings and benefits that can be hard to estimate.
Using a Total Cost of Ownership (TCO) model can help capture all the costs associated with a video surveillance system over its complete lifecycle. In addition, a TCO is a necessary foundation to correctly estimate the value, or Return on Investment (ROI), of the system.
Whilst it is true that this is an essential consideration for larger systems, it applies to smaller scale CCTV system as well.
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