One of the lesser-known terms in the world of electronics recycling is ITAD, which stands for Information Technology Asset Disposition. While it may sound complex, it’s simply an umbrella term for the following activities:
- Logistics: getting your company’s obsolete electronics to the recycler securely
- Data destruction: destroying all data with a verified process
- Asset auditing: assessing the viability and value of electronics
- Resale: restoring and reselling appropriate items
- Recycling: discarding all remaining components safely and with minimal environmental impact
Why Is ITAD Important?
A research report by Transparency Market Research of Albany, NY estimates that the global ITAD market will grow from US$9.89 billion in 2015 to US$18.18 billion in 2024. The report also notes that North America is one of the leading geographical growth areas for ITAD due to its high adoption rate of cloud services. Cloud migration is popular for a number of reasons but chief among them is the opportunity to realize savings on acquisition and operational costs.
While ITAD tends to be discussed more at larger companies with dedicated departments and more resources, it’s an important security concept for companies of any size. It’s all about a secure chain of custody by a certified, responsible recycling firm that picks up the items, wipes the data, refurbishes select pieces and recycles left-over components.
The ongoing evolution of the IT industry, with an increasing emphasis on cloud computing, big data and the Internet of Things, is already creating more electronics waste than ever before which is translating into more demand for ITAD services.
Where Can I Find a Good ITAD Specialist?
If your company has decided it’s time to do some house cleaning, you will want to identify a good recycler. Look for a company with multiple industry certifications, a reputation for high ethical standards and A to Z thoroughness. After all, you’re talking about the disposition of your company’s data, which is no small matter.
Quantum is a company that checks all these boxes. Their level of certification puts them in a class with the best in the industry and they have a sterling reputation for not cutting corners with data security.
Clayton Miller, Vice President of Business Development with Quantum Lifecycle Partners, has a few important tips for companies who require ITAD services.
“Make sure that when you’re disposing of your company’s electronics, that you deal with just one qualified recycler who can provide all the ITAD services you need. If you farm out the job to multiple vendors—one who wipes the hard drives, someone else who buys the good stuff – you will end up paying more because they each need a bigger margin for a smaller job. There’s more negotiating room for both parties when you deal with one recycler,” Miller explains. “Also, it’s much more work for you to coordinate this with different vendors rather than just dealing with one company who will pick up the electronics and take them off your hands.”
“The best solution is a truly vertically-integrated asset disposition specialist like Quantum who can pick up your electronics and deal with them all the way to the destruction at the end of the line,” adds Miller. “It’s peace of mind.”