Cascade Asset Management Releases its 9th Annual IT Asset Disposition Benchmarking Report
Jan 26, 2023
The annual publication highlights the latest trends in customer service, managing assets for a remote workforce, and equipment resale prices
MADISON, Wis. & ORLANDO, Fla. - Jan. 26, 2023 - PRLog -- Cascade Asset Management (Cascade), a national leader in information technology (IT) retirement solutions, has published its ninth annual benchmarking report. New observations in this year's report include the rising importance of customer service when choosing an IT asset disposition (ITAD) partner, followed closely by managing environmental risks. Those companies surveyed for the report stated the remote workforce trend continues to affect their IT management programs, especially in terms of returning used assets. The publication also addresses how economic changes are lowering the resale prices for used IT equipment and mobile devices to pre-pandemic levels.
Results were compiled from a survey of 54 enterprises and organizations collectively representing over 231,100 employees and 12 industry sectors. Additionally, Cascade evaluated the processing of more than 1.2 million assets between 2019 to 2022, including desktops, notebooks, tablets, smartphones, and servers.
When asked what was "critically important" when selecting an IT asset disposition (ITAD), survey respondents ranked "Managing Data Security and Privacy Risks" as number one. In fact, this option gained forty more percentage points than the second-place choice: "Quality of Customer Service." Considering IBM's estimate of $9.44 million as the average cost of a data breach in the United States in 2022, coupled with continuing press attention surrounding the Morgan Stanley breach, it appears organizations are taking data security very seriously. In addition to rating data security as critically important, several respondents offered comments on the matter. Among their concerns were a secure chain of custody when assets are removed from their facility, meeting internal security policies, disposing of equipment with a reputable firm, and recycling items responsibly.
The remote workforce trend continues to impact an organization's IT management program. Results for the question, "how many employees do you expect to work from home a year from now," was 36.9%, up from 30.1% last year. With more employees working remotely, managing devices that are scheduled for replacement, retirement, or disposal takes on more variations. The two most popular answers for managing returns were bringing the item to the company or returning it to a consolidated company location. Some respondents commented that the plan of action depends on the employee's location in relation to the company.
Another topic highlighted in the benchmarking report was the effects of a recession on the ITAD industry. Cascade and other ITAD vendors are experiencing increased labor and asset processing costs alongside decreased revenue from used equipment sales and scrap metal. According to the report, the demand for used mobile and computer equipment saw steady increases in the past couple of years. As a result of lower demand this year, prices dropped 19-25%, which is in line with pre-pandemic levels. Despite lower values, Cascade asserts that companies with IT asset management programs in place that minimize damage to devices, maintain a defined retirement schedule, and promote equipment reuse, can have an ITAD program that pays for itself by reselling their used high-demand assets.
"We're happy to share the results of our ninth annual survey so that organizations can compare their IT asset disposition programs with others to identify best practices and areas for improvement," says Neil Peters-Michaud, CEO of Cascade. "Leaders in high-risk industries like healthcare, financial services, and IT services took the time to share information on their asset management programs. We appreciate their insight and will apply it as we deliver our core values of data security, sustainability, cost savings from resold assets, and customer satisfaction."
The report is available online at: https://cascade-assets.com/cascade-benchmarking-report
Photos: (Click photo to enlarge)
Read Full Story - Cascade Asset Management Releases its 9th Annual IT Asset Disposition Benchmarking Report | More news from this source
Press release distribution by PRLog
Kimi Antonelli set to end Italy’s puzzlingly long 73-year wait for Formula 1 champion
Kimi Antonelli is on the verge of becoming Formula 1’s youngest-ever champion, and the first Italian to win the title since Alberto Ascari in 1953. For a country full of passionate racing fans, the 73-year wait for an Italian champ is puzzling. Over decades without a title contender to cheer, Italy’s legions of passionate “tifosi” fans have worn red to support Ferrari as a team, rather than individual Italian drivers. Now the 20-year-old Antonelli, reportedly rejected by Ferrari as a child...
China’s top swimmers enjoy record-breaking performances at national championships
Chinese swimmers showcased their strength in depth with record-breaking performances by veterans and rising stars at the national championships in Beijing. As of Tuesday, swimmers had broken one world, six Asian and multiple national records. Zhang Yufei and Zhang Zhanshuo set Asian short-course records in the women’s 100m butterfly and men’s 800m freestyle, clocking 54.87 seconds and seven minutes 28.61 seconds respectively to claim gold. The national event is the official selection trial for...
Runners swap streets for shopping malls as haze chokes Singapore
The pounding of running shoes echoes through a Singapore shopping centre as fitness enthusiasts desperate to exercise take refuge from choking haze. Smoke from wildfires in neighbouring Indonesia has sent air quality in the city state plummeting to its worst levels in more than a decade in recent weeks, cancelling outdoor activities. Those seeking exercise, including runners training for international events, have found an unconventional alternative: air-conditioned shopping malls. On Saturday,...
Ryan Moore, James McDonald and Zac Purton headline stellar International Jockeys’ Championship line-up
International stars Ryan Moore, James McDonald and Joao Moreira, plus nine-time Hong Kong champion Zac Purton, headline a stellar line-up for December’s Longines International Jockeys’ Championship (IJC) at Happy Valley. The current top five in the Longines World’s Best Jockey standings – Moore, McDonald, William Buick, Mickael Barzalona and Purton – will contest the world’s most prestigious jockey challenge, while rising British star Saffie Osborne will make her IJC debut. Moreira, the winner...
The Shah of Iran, Venezuela and how Charlton, Eusebio, Puskas all got to 1986 World Cup
The Shah of Iran, a UK assassination, the Venezuelan petrodollar crisis and Colombia’s creaking infrastructure all indirectly led to Bobby Charlton, Eusebio and Ferenc Puskas glad-handing paying supporters outside stadiums at the 1986 World Cup in Mexico. “In their prime, our team would have beaten every side in that World Cup,” said Jaime Byrom, one of the individuals responsible for a sea change in sports hospitality since his first innovative step into the industry 40 years ago. Byrom’s...
SCMP Best Bets: Bustling City can make the punters happy at Sha Tin
Jay Rooney GIANT LEAP - R7 (4) Only just caught last start and can go one better tonight Owen Goulding DRAGON AIR FORCE - R9 (6) Hugely unlucky not to win last start when checked late on; can gain compensation Paul Lally JOLTIN - R6 (10) Good run last start when stepped up in distance and there is more to come Phillip Woo HAPPY UNIVERSE - R6 (1) Has strong claims after returning a nail-biting third over this trip Trackwork Spy BUSTLING CITY - R8 (4) Fell short in hat-trick bid at skinny...
AFC to refer Jordan FA chief to judicial bodies over claims about Fifa head Infantino
The Asian Football Confederation (AFC) on Tuesday said it would refer Jordan Football Association president Prince Ali bin Hussein to its judicial bodies, after he accused Fifa president Gianni Infantino of hijacking the AFC Congress for political purposes. At the AFC’s extraordinary Congress in Tokyo on Friday, its president, Sheikh Salman bin Ibrahim Al-Khalifa, endorsed Infantino’s bid for re-election as head of football’s governing body. Only three months after the confederation accused...
Caspar Fownes has Sky-high hopes for Class Three duo at Sha Tin’s all-weather meeting
Caspar Fownes rates Sky Vino and Sky Cap solid top-three chances in their respective Class Three races at Wednesday night’s Sha Tin dirt meeting as he bids to snatch the trainers’ championship lead. One win behind title leader Pierre Ng Pang-chi with 13 victories so far this term, Fownes has faith in Sky Vino despite the two-time all-weather winner drawing wide in barrier 11 in the Pyramid Hill Handicap (1,650m). The consistent Vino Rosso gelding drops in grade after an encouraging seasonal...
Li Bingjie reclaims Asian record as Chinese swimmers eye world championships in Beijing
China’s top swimmers have returned to the pool following their dominant Asian Games display and once again put their competitors on notice with strong performances at the national championships. Li Bingjie reclaimed the women’s 1,500m freestyle short-course Asian record in style, clocking 15 minutes and 34.09 seconds to win gold on Monday. The 24-year-old shaved 4.32 seconds off the previous Asian mark of 15:38.41, set by Singapore’s Gan Ching Hwee just 11 days earlier. Li had held the record...
Football star Kylian Mbappe faces huge China backlash over ‘unacceptable’ remark
French football superstar Kylian Mbappe has issued an apology after an “ill-judged” comment about China sparked intense backlash on social media and led a string of major Chinese brands to cut ties with him. After a video began circulating widely online that appeared to show the France and Real Madrid striker making a controversial remark about former Chinese leader Mao Zedong, several Chinese firms including the dairy giant Mengniu announced they were pulling out of deals with him on...
Top doubles players urge ATP bosses to rethink changes that would gut the sport
Leading men’s doubles players have called on the ATP Tour to reconsider plans that would reduce the size of the doubles competitions at events and move prize money to the singles format. In a letter addressed to the ATP board and management and signed by 137 active players, 33 former players and 20 federations, the group said it understood the need for reform, but was deeply concerned about the plans being discussed. The ATP said this month it was reviewing potential changes to the size of...
Winning Ballon d’Or ‘beyond my wildest dreams,’ but Harry Kane has plenty more to prove
Harry Kane is targeting Champions League glory for Bayern Munich and ending England’s wait for a major international tournament after lifting the Ballon d’Or in the highlight of his career to date on Monday. In his native London, Kane became the first English winner of the award in 25 years as he beat off competition from Kylian Mbappe and Lamine Yamal to be crowned the world’s best player. The 33-year-old was rewarded for a remarkable 73 goals in 65 games for club and country last season as he...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.