Business

9 preconceived business notions about the usage economy

Being able to use an asset at any time without owning it? The concept is attractive. It is at the very heart of the usage economy, which is now everywhere in our daily lives: IT-as-a-service, mobile-as-a-service, furniture-as-a-service… Switching to the usage economy allows us to benefit from its many societal, environmental and financial advantages. It also contributes to the development of a whole new economic logic. However, even if the idea is gaining ground, mentalities are slowly changing. Many companies are still hesitant and cautious when it comes to giving up ownership of their assets. They consider the subscription...

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How to manage the risk of obsolescence

IT, stocks, infrastructure, security... nothing really escapes the risk of obsolescence. For a company, the product lifecycle is well known: Market introduction, Growth, Maturity, Decline and, inevitably, Obsolescence. What is now changing is that cycles are getting shorter and shorter, as manufacturers launch new ranges earlier to show innovation and maintain a competitive edge, thus ceasing to support older models. For a company, integrating obsolescence risks into their strategy is crucial. The transition to a new generation of products or systems is accompanied by increased productivity and/or safety. On the other hand, if badly anticipated, obsolescence can have a...

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10 benefits of as-a-service for companies

As-a-service or subscription model is the ideal solution for any company wishing to rent its goods to customers or to use an asset immediately with no upfront costs. Secure payment, simplified options, replacement of goods with high obsolescence... There are numerous benefits. What is a subscription? A subscription is a contract that gives a company the ‘right to use’ assets from a dedicated supplier. The contract is for a set period of time, determined in advance. At the end of the contractual period, the customer can choose to continue paying for and using the assets or simply return them....

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5G: Are you up to speed?

Billions of connected devices. Billions of people. Welcome to the future, powered by 5G. 5G is going to play a significant part in mobility and digital transformation. Businesses expect it to provide radical new experiences and services. But will 5G live up to its promise? What’s the controversy around it? How to get 5G ready? During a webinar organised by the French Chamber of Great Britain on June 16th 2020, Frances Weston, Managing Director at Econocom UK, answered all these questions and many more. You missed it? Check out our...

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Should your company purchase or pay a subscription for its IT estate?

It is hard to live without them, as they are very important in our personal and professional life. We are, of course, talking about computers that connect us to our customers, our suppliers, and through which we can work on a daily basis. But when it comes to re-equipping a department or updating its IT fleet, one question always comes up time and time again: should we purchase or pay for IT equipment as-a-service or via a subscription? It's a recurring debate, however the answer is simple. Unless you only have a few employees using computers for very basic...

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Econocom designs, finances and facilitates digital transformation for large companies and public organizations.
With 45 years of experience, the Group is the only market player to combine 360° expertise through project financing, equipment distribution and digital services, with a presence in 18 countries, more than 10,300 employees and sales revenue of 3 billions euros. Econocom is listed on Euronext in Brussels, Bel Mid and Family Business indices.

For further information : www.econocom.com