Many Irish companies are unaware of the potential new revenue stream that old IT equipment represents. AMI is working with clients to help them to uncover the value of their old PCs and process them securely to avoid the risk of data leaks. The company resold 23,324 PCs and laptops in 2017, and securely processed 371,639 data-bearing items in total.
AMI, Ireland’s leading secure IT retirement company, today announces that it returned €2 million to its clients in 2017. The funds were generated through the recycling, refurbishment and resale of data-bearing items, including 23,324 PCs and laptops, collected from AMI’s clients as part of their IT retirement process.
Prior to reselling equipment to its global network of 350 bulk buyers, AMI uses advanced equipment and processes to ensure that data-bearing equipment is erased to the most stringent global standards. Last year the company data sanitised 371,639 data-bearing items, destroying data from equipment using its Blancco data erasure software.
AMI’s client-base includes one quarter of Ireland’s 200 largest IT user organisations, including data centres, banks, blue-chip corporations and government departments. The company specialises in providing secure IT retirement services that can help its customers to generate revenue back from the safe disposal of their old IT assets. However, it has noted that many organisations are unaware of the potential revenue stream that used IT equipment represents.
Philip McMichael, managing director, AMI, said: “We’re delighted to have been able to return €2 million to our clients in 2017, and we hope to improve on this figure again in 2018. Irish companies are gradually awakening to the importance of ensuring that their old IT equipment is correctly retired at the end-of-life stage, to minimise the risk of a potentially serious and harmful data breach.
“As well as minimising the risk of a data breach, working with a secure IT retirement provider like AMI has another benefit: it enables us to provide companies with the highest return on their retired assets. Organisations are beginning to realise that correct handling of old IT equipment at the point of retirement can not only help to safeguard their reputation, but it can also generate a lucrative revenue stream for the business.”
General Data Protection Regulation (GDPR) is also set to have a significant impact on how Irish companies approach the IT retirement process.
Philip McMichael said: “Awareness of the scale of potential fines under GDPR is starting to grow among organisations, and board members are asking questions of their IT teams about how they manage the IT retirement process. Once they learn that there is a monetary value in properly managed IT retirement they will make this investment in their future, and uncover the hidden value in their old PCs and laptops.”
Photo credits – Donal McCann