E-waste and the careless disposal of IT assets is a worldwide issue. We can’t stop technology from growing, but we can control how we dispose of our electronic garbage.
You can either do it yourself (which is dangerous) or hire an IT Asset Disposition (ITAD) company to perform it for you.
We will propose the latter for a multitude of reasons. For one thing, important data was once stored and transmitted on your outdated and outmoded IT properties (such as used telecom equipment). If not appropriately disposed of, i.e. with 100 percent data erasure, they could constitute a security risk to the company (or the nation, if your information is that crucial).
As a result, a good ITAD is essential. This is something that businesses are aware of. The fact that the ITAD market is growing so quickly is proof of this. According to Markets and Markets, the USD 10.12 billion market in 2015 is expected to grow to USD 20.09 billion by 2022, with a CAGR of 9.83 percent over the forecast period.
ITAD is used for much more than data eradication. This article will teach you all you need to know about IT Asset Disposition, including how to do it properly and safely.
The Key Elements of a Comprehensive Asset Disposition Program
Let’s begin with the basics of ITAD.
IT asset disposition (ITAD) is a corporation that specializes in disposing of obsolete or unneeded equipment in a safe and ecologically responsible manner.
There are four essential steps to a well-thought-out asset disposal strategy:
– Transportation and logistics – The process of sorting out outdated and surplus IT reserves, labelling them, and transferring them to a site where they will be destroyed, based on their reusability.
– Refurbishing – We will assess what may be reused and repaired after the equipment has been sorted for usage. It can also be resold at current market rates. – The most crucial factor is data destruction. Its goal is to ensure that following verification, all of your data is securely erased. For auditing purposes, certificates of data destruction are required.
– Recycling and Reporting – The final phase in the ITAD is recycling. The equipment will be recycled if it is designated as “not reusable.” In order to recover recycled components and elements, the equipment will be ‘operated’ here. The remaining will be incinerated in an environmentally friendly manner.
To recapitulate, the ITAD firm you hired manages our e-waste (for example, surplus or used phone equipment) by sorting the useful (for reuse), transferring the waste (for data destruction) (private data that could pose a threat to your firm), and shipping them to their final destination (recycling/incineration). All of this is accomplished while protecting privacy, security, and environmental compliance, allowing you to maximize the value of your IT assets.
Five Benefits of a Properly Managed ITAD Program
Efficiency in ITAD comes with a host of benefits. The following are the top five:
1. Inventory Control: Electronic waste is referred to as e-waste. Crisis averted…
We need IT tools to run a business (in some form or another). We’ll need phones, systems, and connectors, among other things. Technology advances at the same rate as we do. Networks are being modernized, and telephones (landlines) are becoming obsolete. There is a problem.
By deploying a standard and effective ITAD program, we are not just averting (or maximizing) the oncoming (or current) problem (more on it later). We’ve kept track of how many IT assets have been appropriately labeled and disposed of.
2. Maintains a tight grip on logistics costs
Consider the possibility of having to dispose of your outdated IT hardware on your own. Imagine the strain of gathering, organising, labelling, packaging, extracting, refurbishing, reselling, and R2 recycling on top of the main workload. Consider losing, misplacing, or destroying equipment that was formerly valuable. Consider the following…
Hiring an ITAD business to dispose of your old IT equipment will save you time and money. There’s also the stress factor to consider. It’s no laughing matter to run a business.
They’ll take care of everything, including logistics. You’ll know exactly what’s going on with your precious goods thanks to accurate reporting.
.3. Ensuring comprehensive data security during disposal
The most important advantage of ITAD is secure and verified data erasure. Data breaches could occur as a result of reckless data deletion of old equipment, putting the organization and its employees at risk.
ITAD guarantees that your data is responsibly destroyed before it is recycled, reused, or resold (even providing you with a certificate for verification).
4. Ensures compliance with environmental, business, and compliance requirements.
Compliance with a multitude of environmental, local/national, and business rules and regulations, as well as those relevant to your industry, is required for responsible asset disposal. Failure to comply might lead to public humiliation, a breach of trust, and a plethora of fines.
This is not a good idea, guys.
Fortunately, each ITAD business assures that your disposal is handled in line with all applicable laws and regulations.
5. Recovering the highest possible value
Nowadays, asset disposal is more than just a cost. It also refers to asset recovery, which refers to the money (or value) gained from reselling or refurbishing electronic waste. A well-designed ITAD program will help you get the most out of your used IT and telecom equipment both directly (through resale costs) and indirectly (through elements recovered during recycling) (by saving you from breaching compliance and the resultant penalty).
Overall, ITAD is vital to the success of your business. When the time comes, you should not overlook this choice.