Imagine having to spend a quarter of a billion dollars to upgrade your technology.
The Australian Bureau of Statistics doesn’t have to imagine. They’re doing it.
According to Computerworld, the ABS will spend $250 million over the next five years to replace its aging IT systems, some of which are 30 years old.
Chances are the technology at your workplace doesn’t go back to the 1980s. And it’s probably a good bet you’re not spending $50 million a year to make computer upgrades.
But the point is that you’re spending money when you replace your IT assets.
You could simply recycle your old equipment, but IT asset recovery and remarketing companies like CWI can go a few steps further, finding a way to reuse your technology in a responsible way while also giving you the best value for your old devices.
Let’s say you work as an IT manager for a large corporation—or maybe a government office or a school—that’s replacing nearly all its IT assets with newer and faster technology: new PC towers and monitors for every desk; new tablets and smartphones for every employee.
Without a doubt, that’s the sort of expenditure that doesn’t come cheap. But what if there was a way to recoup some of the costs involved with the large scale replacement of IT equipment?
As it happens, there is. And a process known as IT asset recovery is where it all begins.
It asset recovery is a complicated term for a relatively simple process. The bottom line is that most computing equipment replaced by organizations today still has significant market value. That’s why simply disposing of old IT hardware just doesn’t make sense.
And from a financial point of view, allowing it to gather dust in a storage closet is almost worse: If your company’s unused and outdated equipment needs to be stored at a specific temperature or humidity level to prevent deterioration, for instance, you’re essentially wasting money around the clock. Ouch.
Interested in trading with the best in the business?
Those of us here at CWI have been in the IT asset recovery business for nearly 20 years. We know from first-hand experience that selling used IT assets such as computers, tablets, printers, and scanners can do much more than create a surplus of storage space. It also turns the equipment your organization can’t use into the currency it desperately needs to pay for new hardware. Yes, it’s a cliché, but that’s what we call a win-win.
Here’s how it works:
The Right IT Life Cycle Management Can Help You Save
There’s a saying Ronald Reagan used in some of his presidential speeches: “You can’t spend yourself rich.”
But when it comes to your computer systems at work, you can certainly save yourself poor.
Rather than saving money by holding onto old computer systems, you might be hurting yourself more in the long run because of the cost of constantly having to repair or upgrade inferior systems.
Q. Are you losing more on productivity due to downtime than you’re saving on not buying new computers?
As we mentioned in a previous blog post that was published this past July, recent studies have shown that increasing numbers of companies are choosing not to remarket their retired computers and IT equipment, but to dispose of them instead.
Their reasoning? According to IT department heads, it comes down to a lack of confidence in the data security of most ITAD (IT Asset Disposition) companies.
Naturally, we want our IT remarketing clients — past, present and future — to have complete confidence in our data erasure standards. To that end, we’d like to share with you a case study of our own organization’s data security that was compiled by WhiteCanyon Software.
WhiteCanyon is a leading provider of security software; we partnered with the firm while searching for a solution to securely and permanently erase data from clients’ hard drives as efficiently and effectively as possible.
To learn more about how we’ve significantly streamlined our data erasure efforts, click here or on the image above to download the WhiteCanyon case study. (PDF)
When a business is ready to turn over its computer equipment and upgrade to the latest systems, recycling is often the first thought.
Recycling used computers is a good idea, granted, much better than a one-way trip to the landfill, but there’s a much better approach: used computer remarketing.
Remarketing is About Extracting More Value
The idea behind remarketing is that most computers, especially those sourced from a corporate environment, have more life left in them than one might think. This is a result of two thoughts: Corporate environments tend to take much better care of their IT assets, and many companies take pride in staying on the cutting edge of technology, so they’ll replace computers on a fairly brisk 3-5 year cycle.
As a company or an individual, your challenges are similar when it comes to getting rid of unwanted used computer assets.
Whether monitors, hard drives, laptops, desktops, printers, or servers, you want to find the best way to get rid of your unwanted assets while protecting your sensitive personal data, minimizing negative environmental impact, and maximizing ROI.
There are 3 common routes to take when disposing of used computer assets: