What is IT Cost Allocation?

Video Synopsis

What is IT Cost Allocation?

IT cost allocation is about taking costs that originate within the technology department and packaging those into different products and services. This is incredibly important because it helps people understand how those products and services benefit the business. Ultimately, it involves charging those costs back to the consumers of those different products and services, with the aim of influencing their demand and consumption. The goal is to create commercial astuteness or awareness of how technology products and services are consumed.