HOBI Weekly Blog Recap (10/3-6/22)
Reducing IT costs is among the top three business priorities for CIOs as IT asset cost optimization becomes a growing concern. Mismanaged and irresponsibly disposed IT equipment could lead to significant fines for IT procurement professionals. Partnering with a reverse logistics specialist can help reduce those costs.
Reverse logistics is all processes leading IT equipment to its final stage, either to be reused or recycled. IT asset management organizations certified in reverse logistics handle each asset starting with complete data erasure and ending with the maximum return for clients.
Know The CORE R’s
Disruptive Forces
A few disruptive forces come into play that impact IT asset management costs for CIOs. When partnering with a professional reverse logistics company, these often expensive forces into today’s business world can be significantly minimized.
BYOD- Personal mobile devices like tablets and smartphones are becoming increasingly more common around the work place. This adds to not only data security costs but environmental risks. Companies in BYOD programs cannot easily control employee devices from data leaks. In fact, Fortune 500 companies, on average, provide employees with more than three devices and 51% of organizations have experienced data loss due to insecure devices. When left in the hands of the employee, a company also can’t guarantee proper data erasure of company information and responsible disposal of the personal device.
According to a report by Business News Daily, nearly two-thirds of employees who use a mobile device think the corporate data stored on it is worth a mere $500 or less. This is most likely laughable to CIOs.
Big Data– Big data refers to immense data sets that have become difficult to manage. Consumers demand as much if not more data storage on their mobile devices compared to laptops and PCs. This makes the data erasure stage within the reverse logistics process extremely crucial. Globally, the cost of a data breach averaged $136 per compromised record, up from $130 the previous year, according to a data protection news source. Without certified data erasure and destruction, companies can incur significant costs if sensitive information is put in the wrong hands.
Regulations- State and government regulations on the disposal of IT equipment has become progressively more stringent. Most recently, Illinois and Colorado have banned electronics from being dumped in landfills and organizations are having to find alternative ways to dispose of obsolete equipment. Hefty fines will be given for failure to comply with regulations. Know your ITAD partner and their partners!
HOBI International, well-known expert in the R’s of reverse logistics, has been maximizing client ROI since 1992. We’re your partner in every step of the reverse logistics and ITAD process. Each of our facilities are certified and trusted in on-site data erasure and destruction, IT asset management, electronics recycling and refurbishment.
Visit HOBI at Booth 402 at this year’s Investment Recovery Association Trade Show in Scottsdale, AZ. Our experts will tell you all about our service offerings:
Contact us for more about HOBI’s innovative reverse logistics process.
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