What is the full form of EOL?
- on Jun 30, 2022
EOL stands for End Of Life.
|Full Form||End Of Life|
|Category||Business » Business Terms|
What is EOL?
End of Life (EOL) is a process by which a product or system reaches the point where it is no longer economical to produce or maintain.
In the context of products, EOL can refer to a product reaching the end of its useful life. This could be due to factors such as obsolescence, technological advances that render the product obsolete, or changes in customer requirements.
When it comes to systems, EOL can refer to a system reaching the end of its economic life. This could be due to factors such as ageing infrastructure, declining customer demand, or inadequate funding.
Regardless of the reason, when a product or system reaches EOL, it is no longer viable to continue manufacturing or supporting it. As such, it is important for businesses and organisations to ensure they are aware of when EOL might occur and take appropriate steps to prepare for it.