Trending...
- "One World in a New World" Amplifies Voices of Transformation, Resilience, and Global Connection
- 21 new summer camps on tap for Indy and Fishers Art Centers
- IntellaTriage Launches New Patient Engagement Service
Average resale values increasing again; longer device refresh cycles
MADISON, Wis. & INDIANAPOLIS & ORLANDO, Fla. - IndianaStop -- Cascade Asset Management (Cascade), recognized as a national leader in information technology (IT) retirement solutions, proudly presents its milestone Tenth Annual ITAD Benchmarking Report. The publication explores current IT asset program trends while also referencing the evolution of IT asset disposition (ITAD) practices over the last decade.
Highlights:
More on indianastop.com
Participants in this year's benchmarking survey positioned "Managing Data Security and Privacy Risks" as their top concern when disposing of retired technology. This response earned a weighted average of 4.79 (on a scale of 1 to 5), notably surpassing the second-place response of "Sustainability," which received a score of 4.14 out of 5. Looking ahead to ITAD challenges in 2024, security concerns again emerged as the predominant issue with 32% of respondents commenting on the topic. The need to maintain security when retiring IT assets from employees is getting more complicated as 43% of respondents indicated that over 20% of their workforce is now remote.
The Benchmarking Report also shines a spotlight on ESG (environmental, social, governance) initiatives. This year's survey participants provide evidence of the increasing adoption of ESG practices within organizations. Thirty-five percent indicated that their employers categorize ESG goals as "very important," while an additional 19% recognize them as "important."
A review of resale data shows the precipitous slide in refurbished computer equipment values in 2022 has finally stabilized. While the average price of refurbished desktop computers was down by 57% at the end of 2022 compared to the previous year, desktops only lost 2% of their average value over the course of 2023. Laptops fared better with a 16% increase in resale prices by the end of the year, compared to a 44% drop in prices in 2022.
More on indianastop.com
Over the course of the past ten years of this Benchmarking study, organizations have indicated they are holding onto their computer equipment longer. The average age of a laptop is 4.29 years old when organizations retire them, up from 4.02 years a decade ago. Desktops are also reported to be held 6 months longer now than 10 years ago, with a current average retirement age of 4.69 years.
Neil Peters-Michaud, CEO of Cascade, expressed, "A decade ago when we initiated our inaugural IT Asset Disposition Benchmarking Report, our primary goal was to share knowledge and insights among our customers and industry peers to help all of us improve our programs and processes. This core objective remains as relevant today as it was then." Peters-Michaud continued, "Since we launched this annual survey in 2014, 600 ITAD professionals have contributed information about their programs, and we've reported on the processing activity of over 2.75 million assets. This body of knowledge has enabled us to develop the most comprehensive and consistently reliable ITAD benchmarking study available, and we are excited to share this annual report with IT asset management and disposition professionals."
A copy of the complimentary report is available by request. Cascade will also present its findings as part of the free and open-to-the-public IAITAM Wednesday Webinar series on February 14th. Register to receive webinar alerts.
Highlights:
- Average refurbished laptop values rose 16% in the last quarter of 2023 compared to Q4-2022. In the prior year, laptop resale values plummeted 44% as changes to global markets shocked the secondary market industry.
- Over 88% of organizations indicate they need to support remote workers in their environment, complicating ITAD program management.
- Fifty-four percent of organizations believe that ESG (Environment, Social, Governance) initiatives are important.
More on indianastop.com
- Safe Night Partners With Simsi To Offer A New Certification For Proactive Alliance With Rutgers University
- AI Technology Advances in 2025, Fully Automated Solutions Reach the Investment World
- The One Experience™, Inc. Announces Inspiring Lineup of Pathway Guides for The One 2025 Event
- Stange Law Firm Opens Divorce and Family Law Office in Louisville, Kentucky
- Stange Law Firm Expands to Houston, Bringing Family Law Services to Texas
Participants in this year's benchmarking survey positioned "Managing Data Security and Privacy Risks" as their top concern when disposing of retired technology. This response earned a weighted average of 4.79 (on a scale of 1 to 5), notably surpassing the second-place response of "Sustainability," which received a score of 4.14 out of 5. Looking ahead to ITAD challenges in 2024, security concerns again emerged as the predominant issue with 32% of respondents commenting on the topic. The need to maintain security when retiring IT assets from employees is getting more complicated as 43% of respondents indicated that over 20% of their workforce is now remote.
The Benchmarking Report also shines a spotlight on ESG (environmental, social, governance) initiatives. This year's survey participants provide evidence of the increasing adoption of ESG practices within organizations. Thirty-five percent indicated that their employers categorize ESG goals as "very important," while an additional 19% recognize them as "important."
A review of resale data shows the precipitous slide in refurbished computer equipment values in 2022 has finally stabilized. While the average price of refurbished desktop computers was down by 57% at the end of 2022 compared to the previous year, desktops only lost 2% of their average value over the course of 2023. Laptops fared better with a 16% increase in resale prices by the end of the year, compared to a 44% drop in prices in 2022.
More on indianastop.com
- A Look Back at Our 2024 Accomplishments: Complete Sliding Doors & Windows Continues to Lead with Excellence
- Franchising Success, One Pour at a Time
- FamBam Foods® Expands Healthy Snack Portfolio with Launch of Caulitos®
- Los Angeles Fires: Supporting Recovery Without Psychotropic Drug Risks
- "Global Accreditation Failures: How the Wuhan Lab Certification Exposed Systemic Weaknesses and Paved the Way for COVID-19"
Over the course of the past ten years of this Benchmarking study, organizations have indicated they are holding onto their computer equipment longer. The average age of a laptop is 4.29 years old when organizations retire them, up from 4.02 years a decade ago. Desktops are also reported to be held 6 months longer now than 10 years ago, with a current average retirement age of 4.69 years.
Neil Peters-Michaud, CEO of Cascade, expressed, "A decade ago when we initiated our inaugural IT Asset Disposition Benchmarking Report, our primary goal was to share knowledge and insights among our customers and industry peers to help all of us improve our programs and processes. This core objective remains as relevant today as it was then." Peters-Michaud continued, "Since we launched this annual survey in 2014, 600 ITAD professionals have contributed information about their programs, and we've reported on the processing activity of over 2.75 million assets. This body of knowledge has enabled us to develop the most comprehensive and consistently reliable ITAD benchmarking study available, and we are excited to share this annual report with IT asset management and disposition professionals."
A copy of the complimentary report is available by request. Cascade will also present its findings as part of the free and open-to-the-public IAITAM Wednesday Webinar series on February 14th. Register to receive webinar alerts.
Source: Cascade Asset Management
0 Comments
Latest on indianastop.com
- Namebadges.com Expands Shipping Services to Mexico and Canada
- Keells Leverages Cyntexa and Salesforce to Redefine Customer Loyalty with Digital Innovation
- InventHelp Inventor Develops New Stand for Touring Motorcycle Parts (SGM-408)
- PhaseZero Releases CxCommerce™ 7.0 with Proven Scale for the Largest Enterprises and Affordability for Small Businesses
- InventHelp Inventor Develops New Storage Unit for Hair Care/Styling Appliances (SGM-458)
- The ComplianceAide's AI Platform Slashes Compliance Time by 90% for MSPs and Regulated Enteripses
- Century Fasteners Corp. Mourns the Loss of Colleague and Friend, Mark James
- COLORICH PACKAGING Will Participate in the COSME Week 2025 TOKYO and Cosmoprof Worldwide Bologna 2025 Exhibition
- IntellaTriage Launches New Patient Engagement Service
- Momentum Stock Trading: AI-Driven by Tickeron
- Bloomington: Connect with City Leaders at District 1 Traveling Town Hall, Feb. 3
- IntellaTriage Launches New Patient Engagement Service
- 21 new summer camps on tap for Indy and Fishers Art Centers
- Cascadia Global Security Launches Cascadia Off-Duty
- Anti-Racism Song from Neal Fox Drops in Time for Martin Luther King Day
- Genpak Expands Foodservice Packaging to Include Durable, Polypropylene Bowls
- DayPass Expands to 50 New Destinations in 2024, Bringing Luxury Day Experiences to Travelers and Locals
- Dr. Lauren Anderson Led a Successful CE Event: Digital Planning and Execution
- "One World in a New World" Amplifies Voices of Transformation, Resilience, and Global Connection
- WalkerHughes Insurance Expands Footprint With Acquisition of Independent Brokers Agency LLC