In episode 75 of the Leadership Minute, Tony Uphoff dives into a topic that’s vital for any CEO in the digital age, which is to understand, identify, and reduce technical debt in your organization.
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00:56 — C-level executives often ask Tony how they can identify technical debt, which occurs when suboptimal decisions or shortcuts are made during software development. Technical debt leads to increased maintenance costs and complexity.
01:16 — Tony offers a few steps for identifying technical debt. This includes assessing the current state of your technology, identifying pain points, reviewing development processes, and analyzing the impact of technical debt on the organization. Then, it’s time to develop a plan to address technical debt by prioritizing issues, creating a realistic timeline, allocating resources, and monitoring progress.
03:57 — Moving forward, to avoid incurring technical debt — and manage existing debt — leaders must prioritize long-term thinking, continuous learning and improvement, and transparent communication. Tony says leaders should invest in ongoing training and development for their workforce, foster a culture of knowledge sharing and collaboration, and schedule regular debt pay-down periods for development teams.
05:13 — Following these steps to identify and address technical debt can lead to long-term success in the acceleration economy, says Tony.
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