TCO (Total Cost of Ownership) is a holistic financial metric that represents not only the initial purchase price (CAPEX) of a technology infrastructure or hardware investment, but the sum of all direct and indirect costs that arise throughout its lifecycle, including installation, operation, energy, licensing, maintenance, and personnel (OPEX). In today's rapidly digitizing business world, this critical calculation determines the true value businesses will gain from their technology investments and their agility in the market.