How Does Technical Debt Drive Up Business Expenses?

Written by alexomeyer | Published 2021/01/13
Tech Story Tags: software-development | programming | team-productivity | software-engineering | technical-debt | product-management | agile-software-development | hackernoon-top-story

TLDR 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 Technical debt can be attributed to outdated libraries, lack of documentation, poor code quality, bloated monoliths, poor design decisions and lack of continuous delivery.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.via the TL;DR App

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Written by alexomeyer | Co-founder & CEO at stepsize.com, creating the AI companion for software projects
Published by HackerNoon on 2021/01/13