New Research Reveals Architectural Technical Debt as Most Damaging to Applications Amid $1.52 Trillion Technical Debt Crisis [Yahoo! Finance]
INTESA SANPAOLO S/ADR (ISNPY)
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Source: Yahoo! Finance
MENLO PARK, Calif., May 13, 2024 BUSINESS WIRE )--As enterprises confront the staggering $1.52 trillion in software technical debt , a new study released today by vFunction , the pioneer of AI-driven architectural observability, reveals that architectural technical debt (ATD) has emerged as the most formidable challenge. The research titled, "Microservices, Monoliths, and the Battle Against $1.52 Trillion in Technical Debt," found that companies are grappling with the challenges posed by technical debt within their increasingly complex software architectures, leading to slower engineering velocity and challenges with application scalability and resiliency. In response, nearly eight in ten (77%) organizations have implemented enterprise-wide initiatives to address technical debt head-on. More than half (51%) of companies are dedicating more than a quarter of their annual IT and engineering budgets to remediation, including refactoring and re-architecting efforts. The research reveals
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