The growing problem of technical debt cannot be overlooked. InfoWorld Editor Eric Knorr recently highlighted the need for technical debt to be paid down, noting, “I wouldn’t be surprised to learn we’re now in the process of accumulating technical debt at historic rates.”
Technical debt is expected to exceed 1.5 million per business application.
Is your IT landscape prepared for the ever-changing demands of digital transformation? A panel of the top IT experts in the United Kingdom joined CAST at the Institute of Directors (IoD) in London on Tuesday to discuss this complex, but increasingly pertinent question. The digital transformation event was attended by many IT professionals within the financial services, telecommunications, retail, government, and IT services industries.
They say “if something works, don’t fix it.” This old adage may be the reason behind why some organizations hold onto legacy systems longer than they should, but it is also the reason why these same organizations struggle with software complexity. In fact, according to the GAO, Uncle Sam spends 80 percent of its $86.4 billion IT budget on legacy systems.
Some organizations choose not to struggle, though. Take for example the story of Pennsylvania-based underwriter NSM Insurance Group. It was reported recently on SearchCIO.com that NSM last year purchased a company that still had a COBOL-based back-office system from the 1990’s.