Information Technology (IT) debt is basically the cost of maintenance needed to bring all applications up to date.
Shockingly, global "Information Technology (IT) debt" will reach $500 billion this year and could rise to $1 trillion by 2015!
But why should you take IT debt seriously and begin to take steps to eliminate this issue from your business?
According to Gartner, the world's leading information technology research and advisory company...
It will cost businesses world-wide 500 billion dollars to "clear the backlog of maintenance" and reach a fully supported current technology environment.
Gartner summarizes the problem best:
"The IT management team is simply never aware of the time scale of the problem.This problem, hidden from sight, is getting bigger every year and more difficult to deal with every year."
The true danger is that systems get out of date which leads to all kinds of costly software and hardware inefficiencies.
Your tech support provider can most likely do a better job at staying current with your computer and network environment.
Have them start today by documenting the following:
- The number of applications in use
- The number purchased
- The number failed
- The current and projected costs of both operating and improving their reliability