Addressing Technology Debt
Managing the Unintended Consequences of Regulatory Change
A new GreySpark Partners report, Addressing Technology Debt, outlines principles on how financial markets organisations can proactively manage and reduce technology debt. Technology debt observed in 2015 occurred when companies applied a series of tactical bolt-ons or hacks to existing software platforms that created negative effects for the business. These repercussions were often exacerbated when regulators failed to articulate or complete new rules, or when they failed to provide companies with unambiguous, quantitative, verifiable requirements in good time. Repayment of technical debt is typically done in lieu of more important business processes, which is generally an anathema to stakeholders unaware of the impact of technology debt.
https://research.greyspark.com/2015/addressing-technology-debt/
