The IT world is changing and progressing every day with new products and opportunities demanding new technologies and strategies.
With rapid evolution comes general excitement over new and valuable opportunities for businesses to reorganize, expand and improve.
Nevertheless, changes in technologies also provides businesses much to think about as the learning curve becomes sharper and the rate of shifting operations becomes tougher to keep up with.
It seems as fast as new IT strategies and processes are presented across organizations, the old stagnant are being retired and disposed.
For instance, January 2020, will mark the end of Windows 7. With 79 percent of organizations still having at least one Windows 7 system on their network, many enterprises are facing a sudden need to revisit and revitalize their business frameworks.
No more updates or support will be offered by Microsoft for this software. This means that operations may be disrupted, and value may be lost for some businesses. Even more so, incidents like these are likely to become more common as the pace of digital revolution accelerates.
Security is the most vital element of any industry in our digitally led world. As more technologies and operational agendas arise, cybersecurity threats and weaknesses tend to multiply. As new applications cause more IT asset turnover, more equipment comes to the end-of-life stage and must be retired.
More importantly, the data that still exists in these remaining assets must not be overlooked. Ignoring the residing data can lead to exposure, breaches and ensuing financial and reputational risks.
E-waste is consequently growing as a global concern as we head into the future of universal technological innovation. The more devices and equipment that are created, the more that are being retired and improperly disposed of.
In 2018, it was anticipated that around 49.8 million tons of electronic waste would be produced on a global scale. Additionally, it’s been reported that in the past, only 20 percent of e-waste was recycled through appropriate channels.
This challenge poses risks not only for businesses coping with stricter state, local and federal regulations, but for ecosystems that may be affected by the toxic chemicals and metals in these objects. Therefore, remaining ethical and compliant as IT turnover quickens is in everyone’s best interest.