THE HIDDEN COSTS OF TECHNICAL DEBT

The term “technical debt” first arose in the domain of software development. It was coined by Ward Cunningham, one of the pioneers of software development and a co-creator of the Agile Manifesto, in the early 1990s. Cunningham used the metaphor of technical debt to describe the long-term costs of taking shortcuts in software design and development. These shortcuts might lead to faster delivery in the short-term but accumulate “debt” that must be “paid back” through refactoring, debugging, or rewriting code in the future. Just like financial debt, technical debt incurs “interest” over time in the form of increased maintenance costs, complexity and potential issues that can hinder future development. The hidden costs of technical debt in the world of software [...]

2024-09-18T06:19:31+02:0020 August 2024|Data Excellence, Data Strategy|

MOVING BEYOND SPREADSHEETS: The Key To Modern Data Management

We all love our spreadsheets and there’s no doubt they have their place, but in today’s fast paced business environment, reliance on spreadsheets for data input can be a significant bottleneck. While spreadsheets are versatile and familiar, they pose risks related to data accuracy, security and efficiency. This is particularly important for businesses looking to adopt AI, as accurate and well-structured data is crucial for training and deploying these models effectively. Businesses must explore alternative strategies to streamline processes and enhance data management, ensuring they can leverage Big Data to gain a competitive edge. The Double-Edged Sword of Spreadsheets 1. Familiarity and Ease of Use: A Comfort Zone with Hidden Costs Spreadsheets are widely used because of their intuitive interfaces [...]

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