Analyzing costs can help companies make strategic, financially sound decisions. Activity-based costing and absorption costing are two popular.

In this regard, I have found that the use of activity-based costing to evaluate AI and knowledge discovery system deployments is a good practice to adopt.

Time-driven, activity-based costing is here to stay, and with good analytic tools readily available, there is no reason to hold on to antiquated cost accounting techniques that inhibit our ability ...