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How Barclays and Experian proactively manage tech debt | Harness Resource

When is the right time to tackle tech debt? For many organizations, it’s a challenge that’s addressed only when it becomes a business critical concern, keeping teams stuck in a cycle of delay and reactive fixes.

Yet with 70% of organizations reporting that tech debt impacts their ability to innovate, teams that implement a systemic approach stand to improve business agility and gain a competitive edge.

Watch our first virtual Engineering in Action panel to hear how Barclays and Experian proactively stay ahead of their tech debt. They’ll discuss what drove the need for change in their orgs, how they embraced systematic approaches, and the challenges they overcame along the way.

Key takeaways:

  • What a proactive approach to tech debt looks like
  • How Barclays and Experian defined and conquered their highest value fixes
  • What is AI’s relationship to tech debt?

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Published
January 1, 2024

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What you'll learn

Key Takeaways

Distinguish Conscious from Unconscious Technical Debt

Conscious debt involves deliberate shortcuts taken to meet deadlines. Unconscious debt accumulates unnoticed over time and can lead to technical bankruptcy if left unchecked.

Tie Technical Debt to Business Impact

Engineers should articulate the value of addressing technical debt by linking it to business outcomes. Highlighting risks like customer detriment or system incidents helps secure stakeholder buy-in.

Incentivize Engineers to Tackle Technical Debt

Relying solely on engineering culture is not enough to ensure technical maintenance. Organizations must build technical debt reduction into performance reviews, promotions, and reward structures.

Adjust Debt Allocation Based on Software Age

There is no universal percentage of time that should be dedicated to technical debt. The appropriate allocation depends heavily on the age of the software and the current stage of the company.

Maintain Compliance During Technical Maintenance

In highly regulated industries, every system change must meet strict audit and regulatory standards. This makes managing technical debt both more challenging and absolutely essential.