The question we often ask at TechReset is: How can we educate companies on the money they may be leaving on the table when they don’t get a cash return on end-of-life IT assets.
Take this into consideration. According to research firm Gartner, total global IT spend is expected to be $3.76 trillion USD with hardware estimated at $889 billion in 2019. That is a significant number that will continue to grow in sync with the world’s increasing dependence on technology.
If a corporation can realize a 10 to 15 percent return on a three-year refresh when it decides to redeploy or repurpose its unwanted IT assets, that represents between $8.89 and 17.78 billion added to companies’ bottom lines.
For many, this is about adding shareholder value or greater profit margin for private companies. The unseen value is in the ability to make a capital spending decision on better equipment to improve the quality and productivity of employees. When a company turns in IT equipment for repurposing or redeployment, it can make the purchase of new equipment more affordable.
We haven’t even calculated in the cost of keeping material out of landfills, or the value of donating old equipment to charity. There’s immense environmental and social value in doing either of those things.
But let’s stick to dollar and cents.
How much could your company save?
We’ve put together an ROI calculator to help companies discover the return on investment for unwanted IT assets.
Now you can understand why, as an entrepreneur and businessperson, I ask myself why more companies aren’t educating themselves on how ITAD can give them a return on investment even when they think those IT assets are at the end of life. Once they know more, most companies inevitably choose an ITAD provider to help.
Don’t be the company with thousands of laptops, desktops, printers, servers, routers and more, and not getting anything in return when you go to replace them. You can get a return at TechReset.
Check out our ROI Calculator to see exactly what that return could mean to your company.