This IDC Tech Buyer Presentation discusses about technical debt and its many causes and consequences, especially the perceived need (real or imagined) for getting things to market quickly. Short-term decisions made by business leaders in the name of market imperative have consequences. Many of IT's resources in the past decade have been spent cleaning up business decisions that led to complexity, redundancy, fragility, and cost. With the shift of IT funding to LOB leaders and the imperatives for digital transformation, organizations cannot make the same mistakes again.
"Every business today depends on IT, and technical debt threatens IT's ability to maintain normal operations, to innovate, to scale, and to transform," says Mike Rosen, adjunct analyst with IDC's IT Executive Programs (IEP). "IDC's Technical Debt framework facilitates a business discussion about IT constraints and liability in funding technical debt management. This framework identifies debt in terms of risk, balances costs and benefits, and promotes deliberate and prudent behaviors.