Too Long; Didn't Read
Technical debt costs companies $85bn annually, but it also has devastating impacts on engineering teams. Swedish study found developers waste on average 23% of their working time due to technical debt. Technical debt can be attributed to outdated libraries, lack of documentation, poor code quality, bloated monoliths, poor design decisions and lack of continuous delivery. It is estimated to be, on average, 25% of the whole development time. That's a massive amount of avoidable expenditure. Technical debt leads to a downturn in engineering productivity and significant costs to an organisation.