According to a recent article in the Wall Street Journal, Technical Debt costs the US economy over $1.52 trillion each year. See The Invisible $1.52 Trillion Problem: Clunky Old Software - WSJ.

A solution would cost $1.5 trillion, which offers a significant ROI!

Technical Debt refers to the accumulation of inefficiencies in the codebase of a software project. These inefficiencies typically arise when developers opt for quick fixes that work in the short term but create more complicated maintenance issues in the long run.

These problems can range from poorly structured code to the use of outdated libraries and a lack of documentation, making it more challenging to manage the software effectively.

Having Technical Debt can have a significant impact on innovation within Dutch companies. Firstly, it can slow down the development of new functionality as developers spend a significant amount of time resolving technical issues instead of adding new features. This can lead to a reduced competitive position as companies struggle to bring new functionality to the market quickly to meet customer demands.

Furthermore, technical debt can reduce the quality of the software, making it harder to fix bugs and maintain overall product stability, ultimately resulting in decreased customer satisfaction.

To promote innovation, it's crucial for Dutch companies to recognize and address technical debt.

This can be achieved by regularly allocating time to clean up code, update outdated libraries, and implement software development best practices such as test-driven development and continuous integration.

By making these efforts, companies can establish a solid foundation for further innovation and growth.

At Macanta, we have extensive experience in revitalizing cumbersome software packages. Feel free to contact us for a consultation.