69% of IT leaders identify technical debt as a major threat to their companies’ ability to innovate, according to an OutSystems report. The report was based on a global survey of 500 IT leaders. It highlights the challenges companies face as they confront the many causes of technical debt, including pressure to meet deadlines, constant change in the marketplace, and outdated technology. Enterprises spend 41% of their IT budget on technical debt while small businesses spend 27%. Only 20% say tech debt is something they’re currently managing well, though 36% report they’ll be able to manage it in future.
Source: https://www.helpnetsecurity.com/2021/06/18/technical-debt-challenges/