In today’s software-driven world, speed often becomes a priority. Speed wins markets, but without balancing cost and performance, you're racing toward failure instead of sustainable success. Companies rush to release products, fix bugs, or ship features to gain a competitive edge. But in the race to move fast, what do they leave behind? According to a report by McKinsey, over 70% of CIOs admitted that unmanaged technical debt significantly slows down their ability to innovate. This raises the critical question: Is technical debt a result of a good decision or just a fast one? Let’s dive into this dilemma with examples, types, real-world scenarios, and strategies to manage tech debt in your software development process. Meaning of Technical Debt with Example Technical debt is a metaphor used to describe the consequences of choosing an easy or quick solution now instead of a better approach that would take longer. Like financial debt, tech debt accrues "interest...
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