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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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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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TCO: How to calculate the Total Cost of Ownership to optimise your investments

What if the price you pay for your equipment is not what it really costs you? Behind this mysterious question lies the concept of Total Cost of Ownership. In basic terms, this means that there are significant hidden costs that are part of the life cycle of any equipment, from solar panels to self-checkout. The costs for maintenance, upgrades, training, repairs, security, insurance etc can have a considerable impact on your budget, as they are often underestimated at the time of purchase and exceeded in the long term. “The TCO concept is like the submerged part of the iceberg:...

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OPEX or CAPEX for your IT spend?

Traditionally IT investment has been a one-off capital expenditure followed by a period of 3-5 years usage, where the asset value is written off in the company accounts, before the whole cycle begins again. But more recently there has been a shift in thinking towards spending on technology as an operational, rather than capital cost. Why the change and what are the advantages for businesses? The subscription-based economy As consumers, we are all used to the idea of paying monthly for some of our products and technologies. Think about your mobile phone contract or your car or streaming entertainment...

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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