What does costs mean in ict?

Answer 1

In ICT (Information and Communication Technology), "costs" refer to the financial expenditures associated with acquiring, implementing, and maintaining technology systems and services. This includes direct costs such as hardware and software purchases, as well as indirect costs like training, support, and infrastructure. Understanding these costs is crucial for budgeting and evaluating the return on investment (ROI) of technology initiatives. Moreover, costs can also encompass operational expenses, such as energy consumption and ongoing maintenance.