Technical debt – have you factored in its economic impact?
With economic unsertainty looming, IT teams are faced with ensuring they are optimising their budgets for the upcoming year.
For IT teams, understanding the importance of reducing technical debt, also known as ‘tech debt’, or ‘design debt’, is crucial for making strategic decisions that optimise IT operations, improve financial resilience, and position organisations for long-term success.
In this article, our Principal Engineering Consultant, Dennis Baltazar explores technical debt – how to manage it while minimising the impact on your systems.
What is Technical Debt?
Technical debt is a metaphor coined by Ward Cunnigham, creator of the first Wiki. This phrase refers to the ‘expenses’ that arise when developers face challenges during the software development process. This may be driven by business pressures, development processes, inexperienced teams, or changes in technology requirements. It represents the outcomes of expedited decisions, which can lead to additional effort, decreased efficiency, and heightened maintenance needs.
It involves trade-offs between short-term gains and long-term consequences. Over time, it accumulates and decreases the overall quality of your software. This manifests as decreased efficiency, higher maintenance effort, and reduced code quality – which can in turn impact the bottom line.
While it doesn’t involve a monetary repayment obligation like financial debt, just like financial debt, it needs to be serviced and paid off. The good news is that it can be proactively managed in most cases without the need to replace an entire system.
By implementing incremental changes and establishing a robust process to understand and remediate the drivers of your debt, you can gradually reduce it.
Next > Tips to manage your debt
Scheduling a ‘debt sprint’
It is crucial to ensure your IT team is well-equipped to handle these efforts. To effectively address technical debt, allocate dedicated time in your development schedule specifically for tackling it. Consider implementing ‘debt sprints’ or allocating a percentage of each sprint to address debt.
If you’re unsure about how to approach your technical debt, consider hiring a trusted DevOps consulting company like Avocado. Our experts provide tailored solutions, leveraging the latest tools and industry best practices. We help you effectively manage technical debt and optimise your software development processes and services.
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Take control of your technical debt and maximise the value of your IT budget. Contact Avocado Consulting today for expert DevOps solutions and ensure the long-term success of your software projects.