“Over 50% of small businesses disasters are the result of hardware failures”
There is a point where hardware becomes end of life and end of support, which basically means it is too outdated to perform efficiently. Despite hardware being more reliable with new technologies put in place and steps able to be taken to extend their life (i.e. SSD Hard drives, memory upgrades), they will inevitably need to be replaced.
During tight budget constraints these steps to extend the life of the hardware may be necessary, however sometimes we are pushing the hardware to its limits and increasing the likelihood of outages and future downtime.
The balance between getting maximum value out of the hardware and optimising your budgets requires business strategic planning for hardware refresh cycles with the key being the identification of performance, energy-efficient requirements and the risk of hardware failure to justify a new purchase.
While you can extend the standard three-to-four-year hardware refresh cycle, businesses must make the difficult decision as to when to update their systems in order to ensure adequate performance and efficiency.
The first step is to understand if you actually need new hardware. Technology upgrades and spreading workloads over multiple devices can compensate for hardware failure risks and extend the useful life of your hardware, however old hardware can still pose an unnecessary risk to your business operations and efficiencies.