{"id":669,"date":"2020-08-18T15:45:00","date_gmt":"2020-08-18T19:45:00","guid":{"rendered":"https:\/\/www.pwvconsultants.com\/blog\/?p=669"},"modified":"2020-08-18T15:45:35","modified_gmt":"2020-08-18T19:45:35","slug":"tech-debt-series-part-i-all-about-tech-debt","status":"publish","type":"post","link":"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/","title":{"rendered":"Tech Debt Series Part I: All About Tech Debt"},"content":{"rendered":"\n<p>Most people understand the concept of debt. Financing is a common way for people to make large purchases, like a home or car. Governing bodies across the globe deal with debt. Most people associate debt with money. You borrow some, you pay it back, usually with interest. But what most people don\u2019t know is that there is such a thing as technological debt. This is the first installment of a three-part series on tech debt.<\/p>\n\n\n\n<p>Let\u2019s back up for a minute. When a teenager gets his or her first credit card, they have no concept of what it really is or how it works, especially if no one talks to them about it. So they use it to buy things, shop online, download songs, whatever else they deem necessary and they run up a bill. They look at a credit card as free money, that they can just keep using the card and someone else will pay the bill down the line or they\u2019ll have money for the bill down the line. This is the worst possible way a teenager can learn about credit.<\/p>\n\n\n\n<p>The problem is, we also often see this with adults. In emergency situations, adults will use a credit card. And if it\u2019s a high interest credit card and they\u2019re only making the minimum payment each month, it can take 70 years to pay down that card.<\/p>\n\n\n\n<p>This is exactly how tech debt works. It\u2019s like running around with a credit card and only making the minimum payment, if any payment is made at all. Except with tech debt instead of new shoes, it\u2019s not updating or maintaining systems. Instead of a new video game, it&#8217;s not updating code or not patching code. Instead of an ER visti, it\u2019s not migrating to new systems to do all of this, because it takes effort and costs money.<\/p>\n\n\n\n<p>Startups and big businesses take the approach that if they don\u2019t do those things, then they can spend the money on something else. The problem is, as we have discussed in the past, if you don\u2019t update systems and you don\u2019t patch code, if you neglect code quality and go quick and dirty, you become insecure unstable and fragile. It works like interest.<\/p>\n\n\n\n<p>The longer those items sit there, the higher risk they become. And, eventually, the tech debt collectors are going to come. Except they don\u2019t ask for money. The tech debt collectors are your website crashing, an inability to handle your typical volume of customers, a security breach, a reputational breach because your API is down for several days. Which means lost revenue, lost customers. That\u2019s the risk you take when you accumulate tech debt.<\/p>\n\n\n\n<p>When you run your business saying, \u201cLet\u2019s not do that, let\u2019s put that off. Let\u2019s not maintain that system, let\u2019s build this new thing instead,\u201d or, \u201cLet\u2019s get this new thing done quick and dirty and we\u2019ll worry about the rest later,\u201d you are putting a charge on that credit card. Some companies can run up an astronomical credit card bill.<\/p>\n\n\n\n<p>Now, it is nearly impossible to run a company against modern standards without accumulating some tech debt. Technology changes on a regular basis, systems are updated, coding languages change, advancements and innovations occur rapidly. <a href=\"https:\/\/www.pwvconsultants.com\/blog\/modernization-key-to-successful-efficient-business\/\" target=\"_blank\" aria-label=\"undefined (opens in a new tab)\" rel=\"noreferrer noopener\">Systems and processes also deprecate quickly<\/a>, security patches are released quickly. It\u2019s really hard to be 100% paid in full all the time.<\/p>\n\n\n\n<p>Most people today don\u2019t use cash for many things. They carry around a debit card where the money comes directly out of their account, or responsible adults who use a credit card will pay it off at the end of every month. It\u2019s controlled. Uncontrolled tech debt will strangle and kill a company, which is why <a href=\"https:\/\/www.pwvconsultants.com\/blog\/modernization-is-about-more-than-cybersecurity\/\" target=\"_blank\" aria-label=\"undefined (opens in a new tab)\" rel=\"noreferrer noopener\">modernization is so vital to the success of every business today.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every business around the globe will accumulate tech debt. Not keeping up with tech debt leads to major problems for businesses.<\/p>\n","protected":false},"author":1,"featured_media":686,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[4,958,12],"tags":[602,1565,484,19,482,1568,481,1564],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v22.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tech Debt Series Part I: All About Tech Debt - PWV Consultants<\/title>\n<meta name=\"description\" content=\"Every business around the globe will accumulate technical debt. Not keeping up with tech debt leads to major problems for businesses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech Debt Series Part I: All About Tech Debt\" \/>\n<meta property=\"og:description\" content=\"Every business around the globe will accumulate tech debt. Not keeping up with tech debt leads to major problems for businesses.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"PWV Consultants\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PWV-Consultants-110444033947964\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-18T19:45:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-18T19:45:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pwvconsultants.com\/blog\/wp-content\/uploads\/2020\/08\/Tech-Debt-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1434\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pieter VanIperen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PWV_Consultants\" \/>\n<meta name=\"twitter:site\" content=\"@PWV_Consultants\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Pieter VanIperen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/\"},\"author\":{\"name\":\"Pieter VanIperen\",\"@id\":\"https:\/\/www.pwvconsultants.com\/blog\/#\/schema\/person\/c15d5d40126a8ad906cb3067de95f8d4\"},\"headline\":\"Tech Debt Series Part I: All About Tech Debt\",\"datePublished\":\"2020-08-18T19:45:00+00:00\",\"dateModified\":\"2020-08-18T19:45:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/\"},\"wordCount\":660,\"publisher\":{\"@id\":\"https:\/\/www.pwvconsultants.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.pwvconsultants.com\/blog\/wp-content\/uploads\/2020\/08\/Tech-Debt-2.jpg\",\"keywords\":[\"Coding\",\"credit\",\"fragility\",\"Modernization\",\"Processes\",\"systems\",\"Tech Debt\",\"technical debt\"],\"articleSection\":[\"Information Security\",\"Information Technology\",\"Modernization\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/\",\"url\":\"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/\",\"name\":\"Tech Debt Series Part I: All About Tech Debt - PWV Consultants\",\"isPartOf\":{\"@id\":\"https:\/\/www.pwvconsultants.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.pwvconsultants.com\/blog\/tech-debt-series-part-i-all-about-tech-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.pwvconsultants.com\/blog\/wp-content\/uploads\/2020\/08\/Tech-Debt-2.jpg\",\"datePublished\":\"2020-08-18T19:45:00+00:00\",\"dateModified\":\"2020-08-18T19:45:35+00:00\",\"description\":\"Every business around the globe will accumulate technical debt. 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