Money plays an important role in your life and for whatever you do or want to do, you will need money. It is the same in the field of business as well where you need money to set up a business, to operate and run it smoothly and even when you want to expand it. In the field of technology, there are several software companies that are involved in software development programs. Even that needs money to run and survive. All this funding is done from several resources which want it to be repaid along with interest. When such companies fail due to faulty code design and less productivity it results in technical debt.
A Line Is Drawn
Technical debt involves high risk and therefore all the software companies all try to avoid the situation when they will incur technical debt. A proper balance between the project and the requirement of the market is made and therefore regular reviewing of codes along with some test runs are conducted on each code, new or old, just designed or currently functioning. Therefore, it is important for software to know where to draw a lie and stop producing new codes in haste, which are often with faults, and when to call back existing codes for conducting an automated test to locate and identify any presence of technical debt in the code.
It Is Unavoidable
No matter how well and hard you try, you cannot avoid technical debt in a code. Therefore, it is better to have a strategic plan in place for the regular review and probable refactoring. It is just like any financial loan which you need to pay back on a regular basis so that you can prevent it from accumulating reaching to unmanageable heights. You often resort to best credit card consolidation loans to pay off your multiple debts of credit cards which is a sensible process of keeping down your debt and manage your credit score. Similar effort is also required in managing technical debt as well.
The Implications Of It
The most significant implication of technical debt is that it requires service and regular maintenance. Once again use of the different testing and reviewing metrics will come to the use to quantify the amount of debt accrued, the rate of interest it carries and to ascertain the time to repay it by refactoring it. The interest that you pay is in the form of time, labor and the cost that you incur for such refactoring job. As debt grows this cost of servicing grows resulting in further loss resulting in less value for your investment.
Admit It And Face It
Therefore when you find that you have tech debt in a code there is no point hiding from it. Instead, you should admit it, face the challenges that it poses and also educate others about its implications, significance and the need to pay it back. To avoid the huge payment of interest in the later stages it is, therefore, essential to pay off technical debts on a regular basis.