Every company has extra stuff. In fact, an average of 2-5% of capital is tied up in assets that are entirely unnecessary. As business goals grow, shift or adjust, your company can end up collecting equipment that is redundant or useless to your current needs. This is especially true for IT equipment. That’s why it’s good to periodically turn a critical eye to your IT infrastructure and ruthlessly evaluate what technology is necessary and what’s not. It takes a clear understanding of your company’s business goals, and knowing what hardware you need to operate efficiently and reliably in support of those goals. The reward of a periodic purge is a smaller, streamlined infrastructure that takes less time to manage. But clearing out your surplus IT equipment has other benefits too: reduced expense and reduced risk.
Getting Rid of Surplus IT Equipment Reduces Expenses
Surplus IT equipment has a price tag. It drains power, clogs up efficiency, and takes time to manage and maintain. Even when technology has been decommissioned, the storage space required to hold the hardware has a square footage cost. Taken individually, these expenses may seem small, but they aggregate. More importantly, the money spent on unnecessary technology does nothing to generate a return for your company. They are an unmitigated drain on resources. The time, money and space used to manage redundant or excess hardware are resources taken away from profitable initiatives. That kind of opportunity cost can bog down your company’s objectives. Instead, by weeding out the surplus IT equipment, you can streamline your infrastructure and more effectively pursue the goals of your business.
Getting Rid of Surplus IT Equipment Also Reduces Risk
Even with the best IT asset management system, equipment can go missing. The fundamental point of failure for every ITAM system is imperfect use; your ITAM system cannot be used to effectively track IT assets if it is not updated with the latest information. With outdated information, surplus IT equipment can be forgotten about, misplaced, or even lost. Unaccounted for IT assets could mean unaccounted access to your company’s infrastructure and confidential information. Forgotten or misplaced pieces of hardware are unattended, unsupported or unpatched, leaving weaknesses open to exploit. By combing through your infrastructure for surplus IT equipment, you can find these weaknesses and shore up your defenses. In the process, you may also uncover other systemic problems, like single points of failure. You can use the opportunity to bring to light to these operational risks and establish the right redundancies.
So, rather than allowing your surplus IT equipment to clog up and bog down your operations, take the time to evaluate what you have and what you need. A routine, systematic search for unnecessary equipment makes for a leaner, more efficient and more secure infrastructure.
When your company has surplus IT equipment, reduce your expenses even further by recovering cash from your extra technology. Find out how much your equipment is worth!