The paper aims at improving Business Intelligence in a Smarter Computing Environment through Cost Analysis. Smarter Computing is a new approach to designing IT infrastructures to create new opportunities like creating new business models, find new ways of delivering technology-based services, and generate new insights from IT to fuel innovation and dramatically improve the economics of IT. The paper looks at various performance metrics to lower the cost of implementing Business intelligence in a smarter computing environment, to generate a cost efficient system. To ensure it, smarter services are deployed with business strategy. The working principle is based on workloads optimizations and their corresponding performance metrics like value metrics, Advanced Data Capabilities and Virtualizations so as to decrease the total IT cost.