IDG Contributor Network: The key to paying down technical debt
As business leaders, we make decisions every day that have the potential to create some level of technical debt. We choose to deploy a new business application that streamlines HR processes but may require frequent patching, or we expedite delivery of a new product feature knowing there will be increased management overhead. To some extent, technical debt is unavoidable, but when debt accumulates over time, it will limit business velocity and stifle an organization’s ability to innovate.
For many enterprises, substantial technical debt is created by legacy applications, disparate platforms and processes, and outdated technology, and it is dragging down modernization initiatives. Organizations need to modernize their IT stack to compete in a digital economy, but – similar to the challenges of personal finance – you cannot begin to truly invest until you’ve paid off the debt you owe.