target audience: TECH BUYER Publication date: Oct 2024 - Document type: Tech Buyer Survey Spotlight - Doc Document number: # US52679824
How Are Organizations Addressing Their Technical Debt?
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Abstract
This IDC Tech Buyer Survey Spotlight examines how organizations are addressing their technical debt. Technical debt is like financial debt. It can be used strategically (like financial leverage), but it eventually needs to be paid down. IDC's CIO Sentiment Survey shows that only 24% of organizations are tracking tech debt with confidence, which means organizations are taking an ad hoc or reactive approach to managing it. As organizations digitally transform, this inattention to addressing technical debt inhibits innovation, market responsiveness, customer loyalty, and adoption of emerging technologies like generative AI.