{"id":7660,"date":"2024-07-17T09:08:26","date_gmt":"2024-07-17T09:08:26","guid":{"rendered":"https:\/\/www.restore.co.uk\/technology\/?p=7660"},"modified":"2025-09-22T09:05:06","modified_gmt":"2025-09-22T09:05:06","slug":"hidden-costs-of-neglecting-it","status":"publish","type":"post","link":"https:\/\/www.restore.co.uk\/technology\/hidden-costs-of-neglecting-it\/","title":{"rendered":"Are you Neglecting your IT Asset Management?"},"content":{"rendered":"\r\n
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Failing to invest either the finances or the time will not bring you the benefits you seek\u2026<\/span><\/h3>\n<\/section>\r\n\n\n\n
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Perhaps you have had an IT project that fell disappointingly short, or you are <\/span>an<\/span> SME with stretched or limited resources. It could be that you\u2019ve experienced a security breach, with a fine and reputational damage to boot, and are still licking your wounds. Whatever your business\u2019 size or situation, failing to get a firm grip on the entire lifecycle of your IT assets does leave you exposed to risk and inefficiencies.<\/span><\/p>\n

Here we are looking at some of the hidden costs in leaving your technology to look after itself, and how <\/span>IT asset management experts<\/span><\/a> such as ourselves can help. <\/span><\/p>\n<\/section>\r\n\n\n\n

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1. Licensing<\/h4>\n<\/p>\n

Software is one of those unseen assets that can cause legal hassles if you do not conduct regular audits of your company\u2019s needs. Whether you have too many licences (inefficiency), too few (legal risk), no licences (legal and reputational risk), or under-used software, it is inefficient and costly not to have it under control.\u00a0<\/span><\/p>\n<\/section>\r\n<\/div>\n\n\n\n

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2. Compliance<\/h4>\n<\/p>\n

With data protection regulations (UK GDPR), which require data holders and processors to keep trackable records that are deleted as soon as either required by an individual, or by retention periods, you need to keep all the information held on all your firm\u2019s devices \u2013 portable and desktop \u2013 safe and secure. Even if the hardware is obsolete and stored in a cupboard.<\/span><\/p>\n<\/section>\r\n\n<\/div>\n\n\n\n

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3. Cyber security<\/h4>\n<\/p>\n

Outdated software and poor asset tracking can leave your business vulnerable, either by leaving chinks in your online armour (lax password control or outdated firewall) or <\/span>by<\/span> enabling unauthorised access (stockpiling and failing to protect obsolete hardware).<\/span><\/p>\n<\/section>\r\n<\/div>\n\n\n\n

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4. Unnecessary purchasing<\/h4>\n<\/p>\n

If you are not across the full IT asset lifecycle, are you buying new hardware when you don\u2019t need to?<\/span><\/p>\n<\/section>\r\n\n<\/div>\n\n\n

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5. Environmental<\/h4>\n<\/p>\n

In the fast-paced churn of technology, it can be easy to dismiss obsolete hardware as \u2018waste\u2019. Firstly, some devices can be refurbished, updated and re-used by your business, while others can enter the lucrative re-sale market with the potential of earning you a rebate. Still others are gratefully received by community groups and charities, and, if all those routes fail, the elements that go into making these pieces of equipment \u2013 glass, plastics, precious metals, and so on \u2013 are valuable resources to be reclaimed and recycled, while toxic chemicals should be disposed of safely and legally.<\/span><\/p>\n<\/section>\r\n<\/div>\n\n\n\n

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How ITAM experts, Restore Technology, can help<\/h2>\n

By partnering with us<\/span>, <\/span>as a leading ITAM expert<\/span><\/a>, <\/span>you will find our responsive engineers, technicians and central services teams\u2019 experience and expertise placed at your service to create a security-first roadmap for the entire lifecycle \u2013 or just one stage, as you choose \u2013 of your IT estate.\u00a0<\/span><\/p>\n

Backed by accreditations, and ongoing training and development, our colleagues are efficient and effective in working with your teams. They will suggest strategic increments that add up to long-term benefits, providing a solution that streamlines your operations, saves costs (and, dare we say, face), and, because we view \u2018waste\u2019 as <\/span>a<\/span> \u2018resource\u2019, it reduces environmental impacts.\u00a0<\/span><\/p>\n<\/section>\r\n\n<\/div>\n\n\n\n

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And you will reap the rewards\u2026<\/h3>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

Adopt new technologies quickly enough and not only will your colleagues thank you for it, but the leveraging of the full potential of your IT assets alongside a rock-solid asset management programme will be a major factor in your business\u2019 success. Partnering with Restore Technology will help you find a way to achieve this. <\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t Find out more<\/a>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t<\/div>\r\n\t<\/div>\r\n<\/section>\r\n\n\n\r\n

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Other news<\/h3>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t\t
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\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\"\"\r\n\t\t\t\t\t\t\t\t\t\tclass=\"w-100\r\n\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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\r\n\t\t\t\t\t\t\t\t\t10 Things to Look For in a Top ITAD Company<\/h5>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

\r\n\t\t\t\t\t\t\t\t\t\tA clear ITAD process should be part of any modern business strategy, mitigating any risk to your data security.<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFind out more<\/a>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

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\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\"\"\r\n\t\t\t\t\t\t\t\t\t\tclass=\"w-100\r\n\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t
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\r\n\t\t\t\t\t\t\t\t\t6 reasons your business might need IT support services.<\/h5>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

\r\n\t\t\t\t\t\t\t\t\t\tRunning a business is all about balancing the needs of the business versus the cost of paying someone to do those jobs. One of the most commonly outsourced jobs is for\u00a0IT support.<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFind out more<\/a>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

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\r\n\t\t\t\t\t\t\t\t\tA Certain Circularity<\/h5>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

\r\n\t\t\t\t\t\t\t\t\t\tThe change from mindless consumption to mindful was never going to be easy. Nonetheless we see the positives of adopting the circular business model.<\/p>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tFind out more<\/a>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t<\/div>\r\n<\/section>","protected":false},"excerpt":{"rendered":"

Whatever your business\u2019 size or situation, failing to get a firm grip on the entire lifecycle of your IT assets does leave you exposed to risk and inefficiencies.<\/p>\n","protected":false},"author":24,"featured_media":1622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[13],"tags":[42,47,30],"resource-type":[],"sector":[],"class_list":["post-7660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-it-assets","tag-news","tag-recycling"],"acf":[],"yoast_head":"\nThe Hidden Costs of Neglecting IT Asset Management<\/title>\n<meta name=\"description\" content=\"Whatever your business\u2019 size or situation, failing to get a firm grip on the entire lifecycle of your IT assets does leave you exposed to risk and inefficiencies.\" \/>\n<meta name=\"robots\" content=\"index, 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