A study of business leaders by DXC Technology reveals that 46% of executives say that tech debt is the silent saboteur inhibiting their ability to innovate and grow.
By Digital News Asia October 30, 2023Lack of awareness significantly affects leaders' ability to manage technical debt
It added that tech debt tends to be a series of trade-offs that lead to suboptimisation and becomes increasingly hard to undo, and while different from obsolescence or depreciation, it can be measured in billions for most large enterprises and have far-reaching implications costing a business its talent, lower productivity, increased security risk, and ultimately be disruptive to an organisation’s success and stock price.
Michael Corcoran, global lead, Analytics & Engineering, said, “We’re at a point in time where technology innovation is rapidly accelerating. The way we build, grow, and enable our teams and customers is changing and with that, our approach to managing the process of modernisation must as well. Additionally, DXC found that organisations can experience 39% in cost savings from reducing technical debt and retire 37% of redundant applications. As a response, they have identified a four-step plan to address today’s debt and prevent it in the future. Clearly articulating organisation debt is a way to ensure clarity of vision of the modernisation path. The shift toward future focus is essential, prompting candid executive conversations.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Ministry seeks technical staff for better monitoringKota Kinabalu: Project monitoring is the biggest constraint that the State Local Government and Housing Ministry is facing as there are not enough technical personnel.
Leggi di più »
MDX 2023 TO SHOWCASE DIGITAL TECHNOLOGYWong and her boyfriend Lai Man Wang held a low-key wedding at a private outdoor venue in Hong Kong on Friday.
Leggi di più »
Malaysia in talks with Turkiye on possible space technology agreementGEORGE TOWN: One of the oldest nasi kandar restaurants in the country has ceased to serve its meals at RM5 under Menu Rahmah after the cost of ingredients becomes “unbearable”. Hameediyah Restaurant director Muhammad Riyaaz Syed Ibrahim said it had to stop serving Menu Rahmah last month.
Leggi di più »
Design industry vital to sustain growth in technology -- Phison CEOKUALA LUMPUR: Malaysia should develop its integrated circuit (IC) design industry given the importance of design in sustaining growth in technology, a...
Leggi di più »
State exco urges Melaka manufacturing industry to be more proactive in adopting green technologyJASIN, Oct 28 — Industry players in the manufacturing sector in Melaka have been urged to be more proactive in adopting green technology as part of efforts to reduce...
Leggi di più »
Malaysia, Singapore agree to jointly develop Johor-Singapore SEZ with feasibility studyJOHOR BARU, Oct 30 — Malaysia and Singapore have agreed to jointly develop the Johor-Singapore Special Economic Zone (SEZ) and will undertake a feasibility study on its ecosystem...
Leggi di più »