4 minute readAsset Recovery: Frequently Asked Questions
When you make the decision to move to a different system you may not know what to do with your current server, storage, and networking equipment. Should you decommission and recycle it? Do you leave it sitting in your data center?
Since acquiring new technology is usually more exciting than getting rid of the legacy hardware, we’ve compiled a few questions we get and the answers. Knowing the basics of asset recovery will help you make the best decisions for your IT hardware.
So, what are some frequently asked questions when it comes to asset recovery?
If newer is better, why would someone want my surplus IT hardware?
It seems like a new technology is brought to market everyday, causing OEMs to declare your hardware EOL sooner. This means there’s a great deal of fairly new hardware available on the secondary market.
IT managers must think about what will happen with their hardware after they no longer need it. Should you decide to move to a newer system it is important to know that your hardware could still be worth money. Selling your surplus assets allows you to generate extra funds for your IT budget.
What do I need to know before selling or trading in my hardware?
There are a few factors that come into play when trading in or selling your surplus IT hardware. Your first priority when getting rid of IT assets should be to protect your organization from any type of data breach.
When choosing a partner to sell your hardware to, you should inquire about the company’s data wiping and erasure practices. It is also imperative that you remember any compliance regulations that apply to your business.
How is the worth of my hardware determined?
It’s no secret that certain types of equipment are more sought after in the secondary market. This really boils down to supply and demand. Asset recovery partners will pay you the big bucks for high demand equipment.
What makes hardware high demand? It depends largely on the market. With so many companies on a similar buying cycle sometimes there are a lot of one particular product on the market which drives the value down.
When should I start thinking about asset recovery?
It may seem odd or counterproductive to think about asset recovery when you buy a new piece of data center equipment, but that is one of the best times. IT decision makers should create a strategy for their hardware that includes asset recovery and IT asset disposition (ITAD). Starting with questions like:
What is the useful lifespan of this product? How long do we plan to keep this product? And what will happen with this equipment when we are done with it? Asking all of these questions when you purchase a system will allow you to set parameters for your IT hardware down the road.
Ready to Start Saving?
Now that you have the answers to some of the most important asset recovery questions, you can begin making plans for your surplus IT assets. As the World’s #1 Reseller of Certified Pre-Owned Storage Hardware & Support, we can help you recoup value from your legacy storage, server, and networking equipment.
For more information on how to prepare your hardware for responsible re-use, reach out to one of our dedicated asset recovery specialists or give us a call at 1.877.227.0828.