I first heard the term “technical debt” about eight months ago. For my purposes, let’s call technical debt the opportunity costs of current enterprise technology architectures. Retail has never been good at measuring, let alone managing, their technical debt. It often comes down to an IT organization that is trying to minimize technical debt, versus a business organization that doesn’t want to give up “perfect fit” in order to avoid creating technical debt in the first place. That attitude comes from a budgeting process that does not calculate or charge lines of business for the technical debt their technology decisions incur.

Source: Forbes May 06, 2018 17:03 UTC