Technical debt is the end result associated with delaying certain software development tasks, such as writing high-level code to speed up and expedite the delivery of an application or website, leading to the development or operational issues in the future. CIO reported that up to 20% of their budget dedicated to acquiring new products is diverted to resolve existing technical debt issues.
However, low-code development platforms can help significantly reduce or even eliminate your business’s technical debt. They enable advanced digital technology tools and features that can help your business focus on improving your customer’s overall experiences. Read more