January 17, 2025
Most organisations don't know that technical debt exists, let alone understand that it can be critical to their success. Technical debt is a concept in information technology, that refers to the future costs and consequences of choosing quick or cheap, less optimal solutions over more robust, long-term approaches. Like financial debt, where you borrow money that has to be repaid over time and costs more in the long run, technical debt will be repaid with additional work, maintenance and expenses further down the line.