Every business is constantly looking for ways they can improve, but decision-makers very rarely view upgrading IT hardware and an effective improvement method. When recommending to someone that they should upgrade their hardware assets, you often get met with resistance. “They aren’t that old” “We only got them a few years ago” etc etc.
So why should a business update their hardware? and what are the risks associated with using outdated hardware?
In this blog we will be going over the top 5 risks of outdated hardware.
Warranty is important. It is what gives you that peace of mind that if something were to go wrong, you are covered. If you just paid a hefty sum for a new business asset, the last thing you want to do is pay even more to get it fixed if it doesn’t work to a satisfactory level.
Let’s use a company car as an example. A business may purchase a company vehicle for its employees to use. This asset needs to be reliable, because if it stops working, so does the employee. The warranty for this asset is important because the business knows that they can rely on their asset working as intended and that their workers will be out there working and making the business money.
So why do businesses often run this risk with their IT hardware that is just as, if not more important? Just like the company car, if an employee who uses a PC has their PC go down, then they also can’t work. If it is out of warranty, then the business eats the cost for repairs. What about a business’s server? The central source of the business’s information, if that was to go down, then suddenly no one can work and the opportunity cost skyrockets.
The IT world evolves at a rapid pace. New software, new updates and new security risks are constantly being developed. With support from the manufacturers, new updates for your hardware are regularly available which allow you to stay ahead of the curve.
However, as the hardware ages, the manufacturers will stop support for older products. This means that the longer that you use that hardware, the more likely you are to experience issues with it and the less likely you are to be able to get the support you need.
#3. Replacement Parts
Let’s say a hardware component in your server is starting to fail and needs to be replaced. If your hardware is outdated and old, then the odds of being able to find that replacement part get slimmer and slimmer the older it is. Manufacturers stop producing and supplying spare parts for older models, and if these are the parts you need, you may not be able to source them directly from the manufacturer. This can mean you need to rely on knock-off brands to get by or pay a premium to get the parts off a 3rd party.
IT security is a constant arms race to try and stay ahead of any malicious people who may try to access your information. New exploits, bugs, and malicious software are discovered every day and protection against these threats are continually being developed. With older hardware, there is an increased risk of it missing a vital security update which can leave you exposed to the latest threats, especially if the manufacturer has stopped support for your product. Someone accessing your business’s private information through a security exploit is a huge liability and would be a disaster for your business. Updating your outdated hardware is one thing you can do to help prevent this.
One major reason a lot of businesses put off upgrading their aging hardware is the cost. Many decision-makers tend to believe that it simply isn’t worth the cost to upgrade their hardware. But what if I told you that aging hardware is actually costing your business more money than it would need to upgrade them?
A recent Microsoft study has found that a PC over 4 years old:
- Runs slower and is 2.7x more likely to require maintenance
- Costs a user approximately 112hrs of productivity each year
- This equates to roughly $3,615 per user, per asset per year
- The opportunity cost of time wasted of $5,189 per employee per year
- The total annual cost of slow computer = $8,804 per employee
This means you could purchase 3 or more new PCs for less than it would cost to keep using an older model.
And this is just PC’s. Imagine the cost to your business if your server were to go down, the warranty has expired, and you are unable to source replacement parts. Or what if someone was to be able to access your information due to a security exploit that was fixed in a newer model. Would you be able to recover from this?
The cost and risks of running older hardware surely outweigh the cost of purchasing new hardware.
At Range, we are experts at sourcing your IT Hardware needs. We have procedures in place that allow us to monitor your hardware, and we can let you know in advance when it is ideal for upgrading. We also have deals in place with vendors that allow us to purchase hardware below retail price and pass the savings onto you. Contact us now to find out how we can assist you with all your IT hardware and support needs.