Obsolescence

Technology.

Obsolescence is the condition of an asset or system that is close to being outdated and no longer economically useful, usually because newer and improved technology can perform the same functions better.

An obsolescent asset or system is on its way to becoming entirely obsolete.

See also

• Approaching technology decisions in the treasury function
• Bespoke
• Code
• Cost approach
• Enterprise-wide resource planning system
• Future-proof
• Impairment
• Indicators of impairment
• Treasury management information systems
• Treasury workstation