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A common challenge for any technology leader is how to find the balance between the increasing levels of demand for new technology, reducing cost, and minimising environmental impact. As we start to see the prolonged effects of COVID-19 on the economy, budgets will be tighter than ever.

 

Here are three tried and tested approaches to make your budget go further:

  1. Extend the life of the technology hardware you already have. Push back the hardware spend. It might seem counter intuitive but extending hardware life is the single biggest impact you can make in increasing the ROI of technology. The biggest innovations today are in software, and what many don’t realise is that most hardware platforms can safely be extended from 2-3 years beyond end of sale dates.

     

    Whether you’re extending the life of datacentres on a government defence platform, or deploying SSD drives in a multinational’s laptop estate, deferring this spend frees up budget to attend to the most critical activities during this time. It can help you find budget to invest further on supporting remote working, and end point security. The bonus is that you simultaneously reduce the environmental cost by not ripping out and replacing infrastructure.

     

  2. Embrace remanufactured technology. In our home lives we drive second-hand cars and live in houses that are loved and passed from one owner to the next. We embrace used in the biggest assets and biggest spends we have in our lives. To make sure we are not taking risks we use trusted partners, authorised vendors, and get detailed surveys done.

    In almost all technology areas remanufactured solutions exist, but many companies lack the awareness and the confidence to adopt it. Remanufactured technology is still often seen as second class, but is it? The simple truth is that with research, and careful choice of suppliers, remanufactured technology is no different.

     

    With remanufactured technology you can expect to save at least 15-20% compared to equivalent new solutions. It’s not only scalable but often supports the latest models and the newest software releases. Remanufactured hardware offers better value for money, delivered with the same warranties, accessories, and licensing.

     

  3. Don’t pay to throw your unused or excess assets away. Think more broadly. Where can you retain or deploy the value? Most technology still has residual commercial, sustainability, or social value even if it is old.

    Recycling is better than waste but reuse is even better.

     

    Many vendors will provide trade in value, and some now offer you direct credit or cash value and allow you to send your hardware back into the circular economy. Products may also have materials value from specialist technology recycling companies.

     

    From a sustainability point of view, maintaining the embedded energy, CO2, and scarce materials is very valuable. Finding ways to protect the maximum utility of equipment (reused as it was designed to be used) even if it doesn’t generate income can be an important part of any sustainability strategy.

     

    Your old hardware can be redeployed in schools and hospitals in developing countries. Ensuring it is reused not only generates significant social capital, it also reduces the growing eWaste problem.

     

By embracing these three circular techniques you can drive more value out of the infrastructure you already have, save money and reduce your impact on the environment.

 

Start your #circularfirst journey today by contacting us discover@cistor.com

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