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The invisible $1.52t problem: clunky old software

As companies race to build the latest and greatest software for their businesses, they are overloading their tech balance sheets with an oft-ignored kind of debt, “technical debt.”

"Underneath the shiny and the new, lurking in IT systems where it creates security vulnerabilities and barriers to innovation, is an accumulation of quick fixes and outdated systems never intended for their current use, all of which are badly in need of updating."

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