03/06/2024
Chris Greacen responds to an article about technical debt in the WSJ:
Happy to see Christopher Mims's piece in the The Wall Street Journal highlighting the impact of . If you dig into the 'cost of poor ' report cited in the article you'll see some shocking estimates of the impact Technical Debt has on team productivity across the software industry.
https://www.wsj.com/tech/personal-tech/the-invisible-1-52-trillion-problem-clunky-old-software-f5cbba27
As our reliance on software increases in our banking, healthcare, voting, education, this productivity killer will make people's lives worse. It's just a matter of time until the systems we depend on will let us down (and I'm not talking about facebook & instagram).
It doesn't have to be this way though - as professionals in software product development, we owe it to everyone to embrace the practices that keep our work outside of the red-zone in debt. If you or your team need help with this, you know Lab Zero Innovations Inc. walks the walk here.
Do you know how to recognize the two biggest sources of Technical Debt on your team? https://www.youtube.com/watch?v=SY2scsOby9k
PS - Will help this problem? Unlikely. I'll share some thoughts about this can of worms later.
From the Consortium for Information & Software Quality (CISQ) 2022 report: The growing impact of Technical Debt (TD) has become the biggest obstacle to making any changes to existing code bases
* TD principle increased to ~$1.52 trillion (because deficiencies are not getting fixed).
* In spite of a projected rate of 15% growth in computer/IT positions created over the next decade, the number unfilled US IT jobs sat at about 300,000 at the end of August
* In late 2019 it was predicted that by 2025,40 % of IT budgets will be spent simply maintaining TD, and it’s a primary reason that many modernization projects fail.
* The number of weekly hours an average developer at a company spends on addressing “TD” is 13.5 out of 41.1, or 33% of their time.
Old code piles up and raises the risk of hacks and other breaches.