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February 26, 2024
Technology Debt – when your infrastructure has been ignored too long
Starbridge Advisors
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Contributed by: Bill Russell
Summary
"Technology debt," compromising IT infrastructure due to underfunding and investment compromises, causes operational issues over time. In health systems, tech debt may lead to massive downtime costs, budget overruns, and compromised efficiency. Addressing tech debt necessitates comprehensive assessment, business-focused approach, regular budget allocation, and possibly switching to new technology stacks. Regained control over tech debt allows organizations to refocus tech resources on value creation for employees and patients.
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