Vyta

  • Why Vyta
    • The Vyta Team
    • Accreditations & Licenses
    • Awards
    • Legislation
    • Vision, Mission & Values
    • Charity & CSR
  • Services
    • Secure Collection
    • Secure Data Destruction
    • Onsite Shredding
    • IT Equipment Resale Revenue and Return
    • WEEE Recycling
    • IT Hardware Buyback and Brokerage
    • Deployment and Relocation Services
  • Clients
  • Careers
  • Vyta Blog
  • Contact
  • Glossary
  • Get a Quote

July 26, 2017

Majority of Irish companies failing to recover value from old IT

AMI recently conducted a survey of 137 senior IT decision-makers throughout Ireland and Northern Ireland, with the aim of gaining an insight into organisations’ approach to disposing of end-of-life IT assets. The results highlight a number of interesting findings, including the fact that a significant number of Irish companies are leaving themselves open to huge GDPR fines.

Companies leaving themselves open to huge GDPR fines

Almost one-third of respondents (32%) who say that they use third-party IT retirement companies admitted that they do not receive formal confirmation from their providers that their data has been completely erased. Under GDPR this would constitute a data breach, and companies could be liable to fines of up to €20 million or 4% of global turnover, depending on which is greater. Businesses need to therefore make sure that they are getting the required assurances that their data has been completely destroyed, and that it cannot be recovered.

As well as this, the results reveal that the majority of organisations fail to recover the value of old assets that they dispose of, despite the significant value of IT equipment. 70% of businesses say that they don’t recover any value when retiring old assets.

AMI regularly returns the value of old IT to clients

These companies are missing out on a potentially lucrative revenue stream; AMI regularly returns the value of old IT to clients. Where possible, we focus on recovering the residual value for all client devices. In fact, we refurbished and resold 40,000 PCs and laptops in 2015, and returned €2.2 million to our customers. This money can be used as the client sees fit – to upgrade the existing IT infrastructure for example. Alternatively, value from resold devices can be donated to a charity of the client’s choice. It often doesn’t occur to companies that there is any value in their old IT equipment.

Due to security concerns, some businesses are reluctant to agree to their old IT devices being resold. A third of survey respondents (33%) said that they would not allow it. However, working with a trusted and experienced partner like AMI will ensure that your redundant IT equipment is securely wiped with a bespoke audit tracking system. Your IT assets are tracked from the initial collection onsite through to the resale. This delivers a comprehensive audit trail for each individual ICT Asset. A Certificate of Destruction is issued to guarantee the items have been recycled.

Watch out for our next blog, in which we’ll outline some more of our survey findings, and explain how AMI can help to ensure the lowest risk of harmful data leaks.

Contact us today to find out more about how AMI can help your organisation to discover the value in old IT. If you’d prefer, fill in your contact details below and we’ll call you…

[si-contact-form form=’3′]

Filed Under: GDPR, News Tagged With: certificate of destruction, data leaks, GDPR, IT Assets, IT Retirement, redundant it equipment, value of it equipment

Search

Contact Us (Slim)

Get in touch!

BUSINESS SECTORS

  • Data Centre Disposal
  • Financial Organisations
  • IT Service Companies

COMPUTER RECYCLING

  • Computer Recycling
  • Server Recycling
  • Laptop Recycling
  • Monitor Recycling
  • Printer Recycling

DATA DESTRUCTION

  • Secure IT Disposal Service
  • Blancco Wiping
  • Hard Drive Shredding
  • Tape Shredding
  • On-Site Data Shredding
  • Detailed Asset Tracking and Reporting

IT SERVICES

  • Secure IT Disposal
  • IT Recycling
  • Secure Collection Services
  • IT Buyback Service
  • On-Site IT Audit
  • Deployment Support

Vyta provide sustainable, secure and cost-effective solutions for the disposal of your end of life tech. Our solutions are key to protecting your data, controlling your IT assets, maximising value, managing corporate risk and meeting sustainability goals.

CONTACT US

info@vyta.com
+44 (0) 28 9084 7913

Vyta NI
Unit 1 Mallusk View, Central Park
Newtownabbey BT36 4FR, Northern Ireland
Tel +44 (0) 28 9084 4400

Vyta ROI
Unit 66 Block 503, Greenogue Business Park
Rathcoole, Dublin D24 F300, Ireland
Tel +353 (0) 1257 3232

Vyta GB
Unit 28 Little Boyton Hall,
Roxwell, Chelmsford CM1 4LN, United Kingdom
Tel +44 (0) 33 0390 7536

Privacy Policy

Cookie Policy
  • LinkedIn
  • Twitter

Copyright Vyta Ltd © 2022

This site uses cookies
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of cookies.
Vyta Privacy PolicyCookie settingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
_GRECAPTCHA5 months 27 daysThis cookie is set by Google. In addition to certain standard Google cookies, reCAPTCHA sets a necessary cookie (_GRECAPTCHA) when executed for the purpose of providing its risk analysis.
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-advertisement1 yearThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Advertisement".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
CookieDurationDescription
YSCsessionThis cookies is set by Youtube and is used to track the views of embedded videos.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
CookieDurationDescription
_ga2 yearsThis cookie is installed by Google Analytics. The cookie is used to calculate visitor, session, campaign data and keep track of site usage for the site's analytics report. The cookies store information anonymously and assign a randomly generated number to identify unique visitors.
_gat_gtag_UA_6642443_31 minuteThis cookie is set by Google and is used to distinguish users.
_gid1 dayThis cookie is installed by Google Analytics. The cookie is used to store information of how visitors use a website and helps in creating an analytics report of how the website is doing. The data collected including the number visitors, the source where they have come from, and the pages visted in an anonymous form.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
CookieDurationDescription
IDE1 year 24 daysUsed by Google DoubleClick and stores information about how the user uses the website and any other advertisement before visiting the website. This is used to present users with ads that are relevant to them according to the user profile.
test_cookie15 minutesThis cookie is set by doubleclick.net. The purpose of the cookie is to determine if the user's browser supports cookies.
VISITOR_INFO1_LIVE5 months 27 daysThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
CookieDurationDescription
CONSENT16 years 7 months 19 days 14 hoursNo description
SAVE & ACCEPT
Powered by CookieYes Logo