BANDOSAM

Determining how a technology investment will lead to cost savings is a critical aspect of calculating the Return on Investment (ROI). Cost savings can result from increased efficiency, reduced operational expenses, and improved resource utilization... Identify Cost Categories: Begin by categorizing the various cost areas within your organization that the technology investment is expected to impact. Common categories may include labor costs, operational expenses, and resource utilization... Identify Efficiency Gains: Determine how the technology will improve efficiency and productivity within your organization.

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