It may seem like a cost-effective solution to hold onto older PCs. However, it can actually end up costing your business more in the long run. If you’re weighing the pros and cons of replacing your old computers, it’s important to consider the hidden costs of hanging on to them.
Cost #1 – Productivity Drain
Older computers typically have slower processing speeds and less memory, leading to decreased productivity for users. Time spent waiting for applications to load or processes to complete is time spent away from critical work tasks. Furthermore, a Techaisle study found that an average of 42 productive work hours are lost every year while older computers are being repaired. For PCs less than 4 years old, that time is less than half.
Cost #2 – Excessive Maintenance
Old computers can be a significant drain on a small business’s resources. According to a study by Intel, businesses spend an average of $427 on repair costs for PCs that are 4 years old or older. This is 1.3 times the repair cost for PCs less than 4 years old. Similarly, the cost of upgrading an older PC is 1.6 times the cost of upgrading a PC that is less than 4 years old 1.
As technology advances, older computers may struggle to run newer software and applications. This can lead to compatibility issues and may require additional expenses for software upgrades or replacements.
Cost #3 – Cyber Security Risks
In addition to the financial costs, old computers can pose a significant security risk to small businesses. Aging hardware and software not only puts a single system at risk, but could also put everyone else on your network at risk too. Old hardware can create vulnerabilities that online criminals can take advantage of to breach your systems. Once your hardware is too old to receive updates, it is left unprotected from new and emerging threats.
Cost #4 – Lower Employee Morale
Ongoing issues with slow or unresponsive computers can lead to frustration and negatively effect employee morale. Plus using outdated technology may hinder your ability to take advantage of new features and innovations that could benefit your business.
The Direct ROI of New Computers
The opportunity cost of not upgrading to more efficient systems could be significant in the long run. Not only do old computers create hidden and not-so-hidden costs, keeping your machines current creates a direct return on investment. Here’s how:
New Computers are Faster
When your team members can perform any business task without sitting and waiting for their computer to catch up, they can accomplish more. So new computers deliver a productivity boost that in turn should increase revenue.
New Hardware gets the Best Support from OS makers
With a new computer, you’ll be able to run the latest software from makers like Microsoft and Apple. This lets and take advantage of the new and updated features such as AI that can directly enhance your business capabilities.
Replacing Those Old Machines
When it’s time to replace those old machines, we recommend reaching out to your IT service provider, like Invario. They’ll provide specific guidance on what hardware makes sense for your business functions and fits within your budget. Your IT service provider will also handle purchasing, installation, and secure disposal/recycling of your old equipment.
If you’re ready to stop wasting time and money on computers that are >5 years old, contact us today for a free replacement quote.