Consider your own situation. Comparing costs of an in-house EAM system versus a cloud-based system is complex. To calculate the Total Cost of Ownership (TCO) means looking at initial outlay and then recurring costs over time. Each client is unique: but Banetti’s model for evaluating costs-vs-benefits is robust and reliable.
The Basic Tenets
In most cases, we have found, you lower your TCO with a private, Maximo Cloud.
- Time to get up and running is short, 30 days or less.
- Pay one fixed cost subscription per user, all in.
- Software license costs are costlier than subscriptions.
- Security, DR, backups, and up-time SLAs are part of subscription costs.
- Eliminate initial CAPEX for IT hardware.
- Reduce or eliminate IT personnel & maintenance costs.
- Technical support is part of your subscription over time.
- Upgrades/updates/patches, included with subscription.
For more detail on our model, read Costs: On-premises vs Private Cloud
