Asset recovery within IT refers to the system of managing obsolete or surplus IT equipment for a company or organization. The asset recovery process involves identifying, categorizing, retrieving, and disposing of or repurposing assets as deemed necessary. The goal of IT asset recovery is to maximize the value and usefulness of a company’s assets in order to positively impact their financial bottom line, reduce the environmental impact of those assets, and optimize IT infrastructure. IT asset recovery plays a vital role in IT asset management, and should be prioritized by businesses.
What is the purpose of IT asset recovery
The purpose of IT asset recovery is threefold. First, every company wants to find additional cost savings when it comes to technology budgets and spending. After recovering old assets from employees and physical offices, your IT team can partner with a ITAM company who would repurpose and remarket those assets after providing you with a monetary amount for them. You could also attempt to repurpose these assets internally, but it would likely result in less return for more effort from your team. The second reason to focus on IT asset recovery is to positively impact your company’s environmental footprint. By repurposing assets you are keeping them from ending up in landfills. If you partner with a certified recycler, or an ITAM company like Multiply Technology, you can also ensure that your company got the most it could out of each computer or other hardware.
What is the IT asset recovery process
There are a number of steps taken in the IT asset recovery process, including assessment of assets, data removal and compliance, and repurposing of applicable hardware.
Assessment: Auditing and evaluating assets to determine if they are outdated or in need of decommissioning. This can be done internally or by an ITAM partner like Multiply.
Data Removal: Wipe company sensitive data from the asset if necessary using industry accepted tools like Blanco. A partner company should be able to provide proof of data erasure in the form or certification.
Repurposing: Approving assets to be resold to the general public internally or through an ITAM partner company. Any assets that are deemed not eligible for redistribution should be recycled through a certified partner.
These steps are all critical to the success of your IT asset recovery process. Without one of these areas being executed effectively, you could have a data breach, negate financial gain, or increase a company’s negative impact on the environment.
What type of business is IT asset recovery
IT asset recovery companies specialize in identifying, retrieving, and processing the lifecycle of a business’s obsolete or old IT assets including computer, monitors, and other hardware. These companies, like Multiply Technology, typically offer services in this area as well as IT asset disposal, resale, and IT asset management as a whole. Partnering with a company in this industry can help maximize a company’s IT investments, save their internal team from constantly filling hardware requests, and ensuring continued data security even when a piece of hardware has come to the end of its usefulness. When looking for an IT service provider, you should consider the company’s expertise and time in the industry, what data erasure tools they use, and their success working with other businesses.
What is another name for IT asset recovery
Another term for IT asset recovery is IT asset disposition, or ITAD. Both terms refer to the process of managing and disposing of information technology assets that are no longer in use or have reached the end of their lifecycle. When focusing on IT asset recovery alone, companies tend to look for partners or internal processes that focus on the retrieval of those assets and the assessment of their usefulness. ITAD encompasses the repurposing of those assets, from the data erasure to either the resale or recycling of that hardware.
IT Asset Recovery and Multiply
Finding a reputable and knowledgeable partner to help your company enact an IT recovery plan is imperative to your success. At Multiply Technology, our team of senior technicians and consultants are ready to jump in and make your recovery process a triumph! Contact our team today to learn more about our services and our consulting process.
