Technical Debt Has Taken Over The Economy

Oct 15, 2023

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Jan Kammerath

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The term "technical debt" usually refers to shortcuts or suboptimal approaches during software development. It manifests itself as poorly designed code, lack of documentation and outdated components. While properly written code and documentation are timeless, components and approaches are not. Software and its components can become technical debt over time. Since the software industry flourished in the 1980s, around 40 years ago, it is a relatively new phenomenon that we encounter completely outdated software concepts, processes and systems now.