In the Insurance industry, maximising the lifespan of IT assets through refurbishment and reuse isn't just about sustainability - it's smart business. IT Asset Disposition (ITAD) has evolved to embrace circularity principles, emphasising the refurbishment and reuse of obsolete equipment.
Enterprises in the insurance sector understand the drawbacks of maintaining diverse hardware and software configurations. It's costly, time-consuming, and introduces compatibility risks. Instead, they opt for standardised devices, managed through image libraries for swift deployment and consistent software environments.
The practice extends beyond large corporations; it's applicable to businesses of all sizes within the insurance sector. By refurbishing and reusing equipment internally, companies can optimise resources and minimise electronic waste. Slow PCs and laptops aren't discarded but revitalised through cleaning, reformatting, and hardware upgrades, extending their usefulness by years.
Furthermore, purchasing refurbished equipment is a sound strategy for insurers. It's cost-effective and environmentally friendly, reducing electronic waste while providing access to older models that may still meet operational needs. Reputable refurbishers ensure rigorous testing and offer warranties comparable to new equipment, making it a reliable investment.
Even aging equipment that's no longer suitable for office use can find new life as departmental servers or be donated to charities after thorough data sanitisation. Some insurers may even offer older devices to employees for personal use, promoting sustainability while providing value to staff.
Circularity in ITAD aligns with the ethos of sustainable organisations. By maximising the value of existing resources, insurers can not only reduce environmental impact but also realise significant cost savings. Leading ITAD providers in the UK insurance industry emphasise circular asset lifecycle management, ensuring that IT investments contribute to both business success and environmental stewardship.
When you partner with Iron Mountain, we work with you to develop a program that cares for your assets from deployment and active use to retirement and disposition, supported by our industry-leading data security and sustainability measures—every step of the way. To discover more about how Iron Mountain protects your data, the environment and your bottom line please visit our website or contact Mark Summers
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