Joseph Bozkaya | Understanding the Need for Product End-of-Life

Recognizing when a product has reached the end of its lifecycle is the first step in managing its sunset effectively. Several factors can indicate that a product is nearing EOL, such as declining sales, technological obsolescence, or shifts in customer preferences. Companies need to regularly assess these indicators to determine the optimal time to begin the EOL process. This proactive approach allows for better resource allocation and strategic planning, minimizing the potential for negative impacts.

Another crucial aspect is understanding the broader market and technological trends that may influence the decision to sunset a product. For example, advancements in technology or changes in industry standards can render a product obsolete. By staying informed about these trends with the help of experts like Joseph Bozkaya, companies can anticipate the need for EOL and prepare accordingly. This foresight not only ensures a smoother transition but also provides an opportunity to introduce new, more relevant products to the market.