The Three Types of Technical Debt Your Finance Team Actually Cares About

SummaryIn this conversation, Tom Barber discusses the significant impact of technical debt on American companies, highlighting that it costs them $1.5 trillion annually. He emphasizes that many executives are unaware of this issue, which often remains hidden within organizations, particularly in engineering payroll. Barber explains how technical debt can lead to lost deals and increased risk exposure, likening it to a ticking time bomb that can have severe consequences when it detonates.TakeawaysTechnical debt costs American companies $1.5 trillion annually.Most executives are unaware of the impact of technical debt.Technical debt is an invisible concept for many organizations.C-suite executives often do not understand technical debt.Technical debt hides within engineering payroll.It contributes to losing deals to faster competitors.Technical debt increases risk exposure for organizations.It's like a ticking time bomb within companies.The consequences of technical debt can be severe.Addressing technical debt is crucial for organizational success.(00:00) - Intro (00:27) - Title (01:10) - Understanding Technical Debt (09:43) - Revenue Blockers and Their Impact (21:18) - Operational Drain: The Hidden Costs (27:06) - Catastrophic Risks Of Ignoring Technical Debt

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