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Technical debt represents the cost companies accrue through outdated and highly customized technology, and the lost opportunity cost of not having modern technology that offers more capabilities and flexibility. For technology companies, technical debt can lead to high ownership costs, slower time to value, a loss of competitive advantage, and the inability to transform. TSIA recently completed a survey on the topic of technical debt, and this report will outline the major contributors of technical debt, which systems are most affected, and how technical debt is impacting companies. With aggressive transformation plans, tech firms need to not only create a plan to eliminate technical debt, but also take steps to not create more debt as new investments in technology are made.
Distinguished Researcher, Vice President, Technology Ecosystems, TSIA
Publish Date: October 20, 2023
TSIA is well worth the investment. This is the one place where you can come and get a fusion of ideas that you can then marry up to the goals and objectives of your organization and boil that down into several actionable plans that you can implement over the next 6 months to a year.
Peg Rodarmel, SVP, Subscription Services, Infor
The Technology & Services Industry Association (TSIA) is dedicated to helping technology and services organizations large and small grow and advance in the technology industry. Find out how you can achieve success, too. Call us at 800-876-6511 or we can call you.