Technical Debt Is a Fact of Life for Financial Institutions, and Not Always a Bad Thing

This IDC analyst connection, sponsored by Red Hat and Accenture, defines and discusses technical debt in the context of modernization initiatives in financial service institutions. It highlights the role of IT strategy—including hardware, software, skills, and processes in overcoming technical debt limits. The article also emphasizes the need for continuous refinement and improvement of the IT environment to support growth and innovation.