Capterra Glossary
Low-cost IT
Low-cost IT is a practice that allows organizations to reduce the price of the managed IT services they provide while increasing the number of customers using those services. Low-cost IT includes hardware and software costs and management expenses such as data center space and power. Low-cost IT helps reduce labor costs by employing fewer staff or outsourcing tasks.
What Small and Midsize Businesses Need to Know About Low-cost IT
SMBs can benefit from using low-cost IT services because they may not need all the features that come with a more expensive option. For example, a startup may not need as many servers or as much storage space. Low-cost IT can help SMBs keep their technology up to date without hiring new people or investing in expensive equipment. By combining low-cost and high-end services, SMBs can get the most value for their money.
Related Terms
- Synchronous
- Software as a Service (SaaS)
- Intranet
- Security Orchestration, Automation and Response (SOAR)
- Identity and Access Management (IAM)
- Managed Service Provider (MSP)
- Haptics
- WAN (Wide-Area Network)
- Service-oriented Architecture (SOA)
- Augmented Reality (AR)
- Chief Information Officer (CIO)
- Security Information and Event Management (SIEM)
- Platform as a Service (PaaS)
- Service-Level Agreement (SLA)
- Scalability
- Data Center
- Authorization
- Multitenancy