IT asset recovery is complex. There’s no one-size-fits-all solution—because every organization has different asset recovery needs. Many technical terms are involved in the process—and even more acronyms.

Some executives have difficulty describing IT asset recovery and communicating the value of an IT asset recovery solution, which can result in a lack of buy-in from fellow leaders. 

So, you know an IT asset recovery solution will benefit your organization, but how do you describe it in basic terms? Here’s how we define IT asset recovery at Mobile reCell:

What Is IT Asset Recovery?

IT asset recovery is the strategic process of reclaiming corporate-owned IT assets. The idea of IT asset recovery usually surfaces when a company issues corporate-owned IT assets—such as smartphones, tablets, and laptops—to its employees and later has to retrieve the IT assets due to an upgrade or as a result of employee separation.

Recovering corporate-owned IT assets is crucial because it ensures data security. Every unrecovered asset poses a data security risk for organizations. With access to company emails, files, and other sensitive materials, unrecovered—or rogue—IT assets leave your valuable corporate data vulnerable to threats.

Recovering IT assets also allows companies to maximize the value of those IT assets through employee purchase programs, reselling, or responsible recycling.

The IT asset recovery industry is acronym-heavy, and it can be challenging to describe or understand if parties aren’t aware of the acronyms and their definitions.

To avoid overwhelming you with industry jargon, we put together a list of the top fifteen acronyms often used when discussing IT asset recovery:

IT Asset Recovery Glossary

ARaaS (Asset Recovery as a Service): A full-service IT asset recovery and disposition offering; allows customers to leverage software to monitor the transparent and secure recovery and disposition of assets, with market experts guiding the entire process; eases the IT needs of a company by outsourcing IT asset recovery and resale or recycling.

ASP (Average Sale Price): Amount of money Mobile reCell is able to recover from retired or idle devices.

BYOD (Bring Your Own Device): An enterprise mobility program allowing employees to use their personal IT assets—such as smartphones, tablets, laptops, and wearables—for work-related activities.

CL (Corporate-Liable): An enterprise mobility program in which an organization provides employees with company-owned IT assets, or the employee purchases the IT assets and is reimbursed under a formal policy. COBO, COPE, and CYOD mobility programs are also Corporate-Liable (CL) programs.

COBO (Corporate-Owned, Business-Only): An enterprise mobility program in which an organization provides employees with business-only mobile devices that only have business-related applications installed and require IT credentials to download other apps; usually interchangeable with corporate-liable (CL).

COPE (Corporate-Owned, Personally-Enabled): An enterprise mobility program in which an organization issues an employee a pre-selected mobile device to use primarily for business purposes.

CYOD (Choose Your Own Device): An enterprise mobility program that allows employees to select a corporate-owned device from a list of pre-approved mobile devices, which are pre-programmed with security applications to safeguard company data while the device is in use and can be used for personal and work-related purposes.

DevSecOps (Development, Security, Operations): Combines aspects of development, security, and operations to ensure software security is integrated at the beginning of and throughout the software development process.

EMM (Enterprise Mobility Management): A practice where software is utilized to manage mobile devices to ensure compliance and analyzes content, information, and risks to secure mobility program data, services, and usage.

IMEI (International Mobile Equipment Identity): A 15-digit number unique to each mobile device.

MDM (Mobile Device Management): A practice utilizing software to allow IT administrators to manage, monitor, and secure corporate-owned mobile devices.

MMS (Managed Mobility Services): Encompass the IT and process management services required by a company to acquire, provision, and support smartphones, tablets, and other cellular-enabled devices.

ROI (Return on Investment): A financial analysis used to evaluate the efficiency of an investment or measure the probability of gaining a return from an investment.

Saas (Software as a Service): A method of software delivery and licensing in which software is accessed online; often, pricing is tied to usage (consumption) or user count, per feature, tiered, or a flat rate. 

UEM (Unified Endpoint Management): Software allowing IT to manage, secure, and deploy corporate resources and applications on any device from a single console; an evolution of, and replacement for, mobile device management (MDM) and enterprise mobility management (EMM). 

Why Implementing An IT Asset Recovery Program Is Important

An IT asset recovery program ensures that every device in the organization is recovered, processed, and disposed of through the same process.

If a standardized system isn’t in place, one-off requests or non-standard processes become the new normal, and miscommunication can arise, making the recovery process time-consuming.

Active, retired, and lost devices are all top threats to mobile security. Leaving corporate-owned devices unrecovered or exposed could turn into financial, legal, and reputational disasters, which are extremely difficult to come back from.

With our automated software solution, IT departments no longer have to wait on status information, send follow-up emails, or use manual spreadsheets.

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