Information technology asset disposition (ITAD) sounds a bit intimidating. In layman’s terms, it’s making sure data and other valuable information contained on end-of-life equipment are secure – a vitally important consideration in today’s “hacker happy” world.
Arrow Electronics, the largest player in the ITAD business in North America, recently announced its decision to exit a portion of the industry.
Per a July release from the company:
“After careful market analysis indicating that business dynamics have changed since we entered this market, we have decided to wind down operations at our personal computer and mobility asset disposition business,” chairman, president and CEO Michael S. Long says. “This will allow us to continue to focus on our cross-enterprise strategy to enable next-generation technologies, such as artificial intelligence, industrial automation, smart cities and vehicles.” 
Cascade Asset Management, featured in the July-August 2018 BizVoice® magazine, offers a thoughtful checklist on what companies can do – whether searching for a new ITAD provider in the wake of Arrow’s decision or otherwise seeking a partner to trust with your all-important company and customer data. Cascade CEO Neil Peters-Michaud outlines a process and key considerations. Check it out at https://cascade-assets.com/news/transitions.html.
Tom Schuman is the senior vice president of communications & operations for the Indiana Chamber. He is also the editor of the Chamber’s award-winning BizVoice magazine and has been with the organization for 21 years.