What is IT Asset Recovery?
Have you ever gone through a yard or estate sale, hoping to find a hidden gem that’s sure to fetch thousands at auction? Or maybe you inherited boxes of old keepsakes from a relative, thinking there might be something of value buried at the bottom of an old jewelry box?
Most of us have at some point – it’s human nature to salvage value from whatever we can. When it comes time to offload your company’s old IT equipment, you might have a similar reaction. Unfortunately, expectations are at odds with reality in these situations, and old electronics are rarely worth as much as we’d like them to be. Technology moves at breakneck speed these days, and equipment becomes outdated very quickly, reducing its residual value by a huge margin.
So if this is the case, why bother? Why invest in IT asset recovery if you won’t be getting any kind of meaningful return on your equipment? Why not just toss it all into the recycle bin and move on?
When most people think of IT asset recovery, they imagine re-selling equipment that’s not only outdated, but has been extremely outdated for many years. Who wants to buy a computer that’s been obsolete for half a decade? Unsurprisingly, that market’s pretty small, and prices are very low.
Equipment that is in excellent working condition and is only a few years old could very well have potential resale value, but the electronic equipment companies are willing to part with often does not meet this criteria.
One of the qualities of a good IT asset disposition provider is knowing when to recognize e-waste and dispose of it safely, rather than try to re-sell it. Just like trash pickup, e-waste processing according to federal and state regulations is a cost that companies need to factor into their budgets to avoid fines.
IT Asset Recovery Through a Different Lens
E-waste regulations exist for the following reasons:
– to improve the quality of life for all citizens
Instead of thinking of asset recovery solely as it affects your business, think of recovering those assets for the community and globe as a whole. OceanTech’s blog goes into why this is important:
“The massive number of electronic devices produced around the world will soon constitute a landfill crisis, with large portions of space being taken up by old, outdated, and broken machines. These often contain toxic chemicals that can infect the environment around them, while the production of replacement pieces continues to drain resources from our planet.”
Many companies are ignorant of the fact that e-waste is often exported to countries like China and India where it is dismantled in unsafe ways to salvage the materials it contains.
Do you want your company to be part of the problem? Or part of the solution?
Tweet This! “Do you want your company to be part of the E-waste problem, or part of the solution? #Ewaste #Recycle” Tweet This!
Thinking of e-waste management as an investment in community and global wellness is a good first step to understanding the true meaning of IT asset recovery. So how could your unwanted equipment help?
Putting technology into the hands of someone in need through donation
Recovery of usable precious metals and materials in recycled equipment to spur future production
Reduction in environmental impact by limiting contaminants and minimizing the mining of natural resources
So what are the direct benefits for companies that participate in the responsible recycling of e-waste, besides the opportunity to take part in ethical best practices?
Avoidance of fines & cleanup costs
Peace of mind
Contribution to a trustworthy corporate community
More Than Just Another Expenditure
Responsible e-waste disposition might be part of the cost of doing business, but it’s more than that. It’s one of the ways we as a society are working toward a healthy, ethical, and environmentally-friendly culture. We can’t afford to fill our landscape with precious but toxic resources, and companies need to play a role in the process of preventing our e-waste from taking over.
Choosing an IT Asset Disposition Provider
Being responsible with IT asset recovery means more than just handing off your old IT equipment to a recycler that will take it for free. It involves making an informed choice and choosing a certified provider who takes the necessary steps to ensure compliance with an ever-changing host of regulations.
Not sure how to start your search for a quality provider? Check out our recent post about choosing an IT asset disposition company.
ICT Asset Recovery offers R2 certified e-waste disposal and ensures that your process is simple, affordable, and tailored to your company’s needs. Want to learn more? Fill out our forms to get started or send us an instant contact request..
Author Bio: Alex Styller is the CEO and long time owner of ICT Asset Recovery and ICT Company. With over 20 years experience in IT Asset Disposition, IT Asset Remarketing, Data Destruction, and chain of custody logistics, Alex is an expert in the field of ITAD.