The Staggering Costs of Technical Debt
New research from vFunction details the “staggering impact” of technical debt, reports Sean Michael Kerner.
The Microservices, Monoliths, and the Battle Against $1.52 Trillion in Technical Debt report “found that architectural technical debt, caused by structural deficiencies, lack of modularity, and violating design principles, was ranked as the most damaging and impactful type of debt for applications.”
- Technical debt costs the U.S. economy $1.52 trillion annually.
- 51% of organizations allocate more than 25% of IT budgets to technical debt remediation.
- Monolithic architecture companies were 2 times more likely to experience issues with slow engineering velocity, limited scalability, and poor resiliency than microservices architectures.
Read more at ITProToday.
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