Technology is utilized in almost every aspect of daily life, especially in the business world, which means IT assets like phones, computers, laptops, and tablets are frequently used. This creates a high turnover rate for electronics as businesses retire and purchase new equipment to ensure their IT assets are always functioning correctly. When IT assets are often retired, they are still in working order and can be reused. Partnering with a vITAD enterprise like HOBI enables enterprises to leverage value-added IT asset management services like repair and refurbishment, asset redeployment, and donation programs to maximize the value of retired IT assets.
Asset Redeployment
Because the turnover rate for electronics is so high, many enterprises may find themselves with an abundance of retired IT equipment that still works and no place for it to go. Having an abundance of IT assets can create space and storage issues, as well as increased turnaround times and slower processing rates. Asset redeployment enables businesses to increase asset value, clear storage space, and save budget funds. Redeployment also improves control of asset storage and increases warehouse space. A crowded warehouse can lead to a battery fire if any equipment is damaged or overheats in storage.
Repair & Refurbishment
Though some retired IT assets may still have life left in them, used devices may also show some wear and tear. Repair and refurbishment services are value-added ITAD services that help restore used assets to their original cosmetic state.
Data Erasure
Many users assume that a quick reset will suffice when retiring IT assets. However, a device reset does not erase data from hardware, and leaving data on assets during disposition makes them vulnerable to hackers. vITAD service providers offer data erasure in addition to data security services, ensuring that no data breaches occur throughout the disposition process. HOBI uses an internally developed data erasure tool, HOBI Shield, that completely erases data from a device. Erasing data from a device before redeployment increases asset value and protects sensitive enterprise data.
Donation Programs
Device reuse and redeployment play a significant role in helping the community via donation programs. When an enterprise retires IT assets, it sometimes donates them to organizations in need, like schools, nursing homes, or even small startups that do not yet have the budget for new IT equipment. Donation programs enable an enterprise to give back to its community and achieve social ESG goals.