{"id":5908,"date":"2023-07-26T01:56:00","date_gmt":"2023-07-26T00:56:00","guid":{"rendered":"https:\/\/the7.io\/elementor-main\/?p=5908"},"modified":"2024-03-14T11:11:49","modified_gmt":"2024-03-14T10:11:49","slug":"it-asset-disposition-from-forgotten-to-valuable","status":"publish","type":"post","link":"https:\/\/itamsolutions.nl\/nl\/cost-management\/it-asset-disposition-from-forgotten-to-valuable\/","title":{"rendered":"From forgotten to valuable: How IT asset disposition revitalizes your business"},"content":{"rendered":"\t\t
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In our previous blog article, we reviewed the essence of Hardware Asset Management (HAM) and discussed how it forms the backbone of a well-functioning enterprise IT ecosystem. Now we would like to highlight the next step: IT Asset Disposition (ITAD) \u2013 a crucial process that takes place at the end of the IT asset lifecycle. While it may be tempting to overlook this component, maximizing the value from IT Asset Disposition is critical to the financial health of your business, security, and sustainability. <\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Why is IT Asset Disposition important?<\/span><\/span><\/strong>\u00a0<\/span><\/strong>
<\/span>Gartner<\/a>\u00a0<\/span><\/span>predicts that<\/span>\u00a0worldwide<\/span>\u00a0approximately\u00a0<\/span>$1 billion<\/span>\u00a0will be spent on IT hardware by 202<\/span>4<\/span>.<\/span>\u00a0This includes<\/span>\u00a0data\u00a0<\/span>center<\/span>\u00a0systems<\/span>,\u00a0<\/span>general end-user hardware<\/span>\u00a0and mobile devices<\/span>.\u00a0<\/span>As discussed in my\u00a0<\/span>previous<\/span>\u00a0blog,\u00a0<\/span>HAM<\/span>\u00a0practices<\/span>\u00a0are<\/span>\u00a0critical<\/span>\u00a0in managing IT hardware<\/span>\u00a0in organizations where<\/span>\u00a0a<\/span>\u00a0large amount of assets c<\/span>ould lead to\u00a0<\/span>financial<\/span>\u00a0risks<\/span>\u00a0and\u00a0<\/span>operational<\/span>\u00a0bottlenecks<\/span>. Hardware has a<\/span>\u00a0certain<\/span>\u00a0lifespan<\/span>.\u00a0<\/span>With the rapid advancement of technology, applications are evolving to become more complex and resource intensive. This increased demand puts a strain on hardware assets, which may struggle to\u00a0<\/span>provide<\/span>\u00a0the necessary computational power, storage capacity, or network bandwidth required by these applications<\/span>\u00a0or even end-users<\/span>.\u00a0<\/span>Older hardware will (mechanically) break down over time and<\/span>\u00a0software suppor<\/span>t for older hardware will also\u00a0<\/span>eventually\u00a0<\/span>end, mean<\/span>ing<\/span>\u00a0that\u00a0<\/span>hardware assets will also be more vulnerable for security threats<\/span>.<\/span>\u00a0While the hardware asset may not fully meet the requirements of the organization or end-user, it can still be\u00a0<\/span>leveraged<\/span>\u00a0effectively,\u00a0<\/span>providing<\/span>\u00a0value and benefits to the organization.<\/span><\/span>\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Source: Gartner, 2023<\/a><\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The proces and opportunities of ITAD.
<\/strong>T<\/span>here is an opportunity to extract value from these\u00a0<\/span>older\u00a0<\/span>assets through proper IT Asset Disposition practices. This involves not only disposing of the assets in a safe and environmentally friendly manner but also exploring avenues to maximize their residual value.\u00a0<\/span>Old IT\u00a0<\/span>hardware<\/span>, such as\u00a0<\/span>workstations,\u00a0<\/span>laptops,\u00a0<\/span>servers,<\/span>\u00a0and other electronic devices,\u00a0<\/span>m<\/span>a<\/span>y<\/span>\u00a0contain<\/span>\u00a0valuable resources that can be reused<\/span>.\u00a0<\/span>Maximizing the value of IT assets during the disposition process brings tangible benefits to the organization.<\/span><\/span>
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  1. It can help recover a\u00a0<\/span>portion<\/span>\u00a0of the\u00a0<\/span>initial<\/span>\u00a0investment, offset the costs associated with\u00a0<\/span>acquiring<\/span>\u00a0new assets, or even generate revenue streams through the resale of refurbished assets.\u00a0<\/span>In my experience, clients are of<\/span>ten\u00a0<\/span>not aware of the actual value of (soon to be)<\/span>\u00a0decommissioned hardware<\/span>\u00a0and how they can\u00a0<\/span>leverage<\/span>\u00a0this hardware to support the organization one last time<\/span>.<\/span><\/span>
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  2. Equipment that\u00a0<\/span>remains<\/span>\u00a0in good condition, functioning properly, or can be economically repaired and restored, will undergo repair and re-marketing processes by your ITAD provider. Subsequently, the cost of selling the asset is shared between you and your supplier, typically in a 70-30 split in your favor.<\/span><\/span>\u00a0
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    Data Security<\/strong>
    In addition to maximizing the value of your IT assets, ensuring data security is a crucial\u00a0<\/span>component<\/span>\u00a0of IT Asset Disposition. In today\u2019s digital landscape, it is paramount to prioritize the secure disposal of sensitive business information before equipment is discarded or reassigned.\u00a0<\/span>E.g.,<\/span>\u00a0Storage mediums<\/span>\u00a0that are not thoroughly wiped<\/span>\u00a0can still\u00a0<\/span>contain<\/span>\u00a0\u2018deleted\u2019 sensitive data<\/span>.\u00a0<\/span>Insufficient data security measures can result in data breaches, reputational harm, and legal ramifications. Consequently, incorporating data erasure and data carrier destruction as integral parts of your ITAD process is imperative.<\/span><\/span>\u00a0<\/span><\/p><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Conclusion<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    IT Asset Disposition is an essential part of IT asset lifecycle management. By working with a certified ITAD provider, you can not only maximize the value of your IT assets, but also ensure that sensitive data is securely deleted. ITAD handles the disposal and processing of all hazardous chemicals under various environmental and hazardous materials guidelines and certifications to ensure there is no or minimal environmental impact when disposing of your assets. Furthermore, responsible disposal practices enhance the organization\u2019s reputation by highlighting its commitment to sustainability and environmental stewardship.\u00a0<\/span>\u00a0<\/span><\/p>

    The benefits of IT Asset Disposition (ITAD) are significant, so it is crucial not to delay and start working on your ITAD process today!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    Interested? Let's get in touch!<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    If you want to know more about IT Asset Disposition or want help, feel free to contact us. We would be happy to work with you to see what options and strategies fit your organisation and its budgeting needs. Together, we can help your organisation create an overview and get the most out of your budget. So feel free to make an appointment with our specialists.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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