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It’s not just global economies that have amassed a staggering amount of debt in recent years. Enterprise technology departments of the world’s largest corporations have rapidly accumulated debt of a different kind.
Technical debt is the result of decades of shortcuts, software patches and deferred maintenance to enterprise technology infrastructure that takes place when companies prioritize speed-to-market over rigorous, carefully choreographed infrastructure development.
The last several years of digital transformation, capped by the recent growth of generative AI and expanded use of large language models, has pushed legacy tech stacks to the limit. How and when businesses choose to address underlying issues could rearrange the ranks of today’s tech leaders and laggards.
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