Signal 63 percent say the cost of fixing tech debt is holding back new initiatives

Summary

KPMG finds that 63 percent of technology executives say the expense of fixing technical debt is slowing their progress on new initiatives. The debt stems from earlier trade-offs made for speed and cost, particularly in security, scalability, and data standardization. Because remediation competes with new work for the same funds, the problem shows up as a budget constraint rather than only an engineering concern. The report adds that some organizations may underestimate the threat, since those most hampered by debt still forecast the largest maturity gains. Its advice is to invest in resolving the underlying debt so that maintenance spending falls and funds can go to improvements.