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Does your business have several old, unused laptops and mobile phones laying around following a hardware update? Did you know that these devices are worth far more than you think?
Organizations can obtain monetary returns from their obsolete IT assets, which can be utilised to maximize the return on investment (ROI ) of new IT assets, enhance corporate social responsibility (CSR ) initiatives, or even increase departmental budgets within the organization.
“Numerous modern firms have sizable IT budgets, therefore maximizing the return on investment (ROI ) of their assets should be of the utmost importance as it can yield significant financial benefits” – notes Milica Vojnic, Digital Marketing Executive at Wisetek, an Irish company leading the field both home and abroad in IT Asset Disposition (ITAD ), and Data Destruction Services.
The Cost of IT Devices to a Company
According to a study of CIOs done by Harvey Nash/KPMG, IT budgets began increasing in 2020 by an average of 5%, as a result of the pandemic and these budgets have continued to trend upwards. Considering the proportion of revenue spent on IT assets, businesses climbed from 2.3% to 2.7%. Many organizations are spending more on IT assets than they have in the past 15 years.
When it comes to the lifespan of these devices there are several variables to consider that can impact the lifespans of laptops, desktop workstations, tablets, printers, amongst others. A survey of over 1,300 IT specialists revealed the following lifespans for various corporate IT devices before replacement or decommissioning is required:
• 88% of laptops lasted between 3 and 6 years (48% 3 to 4 years and 40% 5 to 6 years ).
• 67% of desktop computers lasted between 5 and 10 years (46% for 5 to 6 years and 21% for 7 to 10 years ).
• 83% of mobile phones last between two and four years (42% for two years and 41% for three to four years ).
It appears that mobile phones and laptops, two of the most regularly used equipment in businesses, have shorter lifespans than desktop computers, printers, and fax machines. There are best practices to extend the life of technology equipment, which can reduce expenditures on new assets. However, when considering the cost of acquiring new IT assets and their lifespans, it should be evident that businesses typically churn through vast quantities of obsolete assets at a high cost.
Increase Financial Returns by Remarketing IT Assets
With services like refurbishment and remarketing, companies that need to dispose of significant numbers of IT assets can do so in a more cost-effective and secure manner. Remember that there are numerous hazards associated with improper IT asset disposal, making IT Asset Disposition crucial for data security as well.
Organizations can maximize their ROI by delivering redundant IT assets to an IT Asset Disposition (ITAD ) company such as Wisetek, which will dispose of the assets while guaranteeing that all sensitive data is deleted through secure Data Erasure. IT assets that can be reconditioned and remarketed can be sold for a profit, providing a financial incentive for the organization to remarket obsolete IT assets.
Reconditioned Devices at the Wisetek Shop
What may be achieved by refurbishing and reselling obsolete IT assets? Organisations stand to gain financial benefits, CSR activities, and e-waste reduction through the sustainable reuse of gadgets.
Wisetek employs a Circular Economy strategy that strives to reduce unnecessary e-waste and maximize the refurbishing and remarketing of obsolete IT assets.
Wisetek operates a Zero-Landfill Policy that reduces unnecessary e-waste and instead reuses or recycles redundant IT assets. Firstly, our Wisetek Store serves as an e-commerce portal through which customers can purchase "as new" refurbished devices that are 100% more sustainable than purchasing new devices.
How IT Asset Remarketing Works
Inventory
To generate an asset management inventory, Wisetek creates a comprehensive inventory of all your redundant IT assets. We also provide our AudIT services to businesses who require a comprehensive physical inventory of all IT assets.
Evaluation
Then, our seasoned staff will determine whether all of the inventoried IT assets may be reconditioned and resold, or whether they must be recycled. Wisetek's Hard Drive Shredding and similar services ensure that all sensitive data on IT assets is obliterated thoroughly.
Operational Cost Assessment
Wisetek will then calculate all operational expenses associated with the remarketing procedure, including labor, logistics, and energy use. The sum is deducted from the total projected sale price.
The Financial Benefits
The renovated IT assets of your organization will thereafter be resold through our global network of vendors and/or the Wisetek Store to private buyers. ReturnTEK and similar services can assist your organization track assets and recoverable value. Profits from sales will be shared between your company and Wisetek, so you are free to allocate these funds as you see fit.
How Businesses Can Optimize their Financial Returns
If your organization has enlisted the services of a respected ITAD firm, such as Wisetek, for the remarketing of its obsolete IT assets, you can anticipate considerable financial returns from what would otherwise be worthless e-waste.
How can management allocate these additional organizational resources? There are numerous potential applications, the most obvious being to offset the cost of acquiring new IT assets.
Donations to charities can also be an excellent and humane method of allocating these resources. This might also fulfill the CSR objectives of your organization. These may also be tax-deductible, depending on the jurisdiction in which your firm operates.
Finally, the financial returns can be assigned to a variety of departmental budgets that require capital.
Resell Your Organization's Devices Using Wisetek
Does your organization require dependable financial advantages to compensate for rising IT asset expenses? With Wisetek's ITAD services for worldwide enterprises, you may have your obsolete IT assets reconditioned and resold for a profit.
We provide a variety of secure data destruction, logistics, and Data Centre Services, such as Data Centre Decommissioning, to assist businesses in maintaining compliance and security. Our sustainable circular economy concept also aids firms in maximizing ROI and recouping monetary value for obsolete IT assets.
Visit our Wisetek Store to view and purchase our premium remarketed devices, such as Refurbished Laptops, Refurbished MacBooks, Refurbished Tablets, and Refurbished Phones. You can email us at Wisetek or learn more about our services on this page.
For any further media enquiries please contact the Digital PR department at Digital Funnel Galway // (021 ) 202 8072
For sales enquiries please contact Wisetek // Wisetek Store
