Some business owners will be ready to cash out in the near future, but old tech could decrease the value of their firms
Clunky, old tech is costing the US a fortune. According to a recent column in the Wall Street Journal, it would take more than $1.5tn to fix and “costs the US $2.41tn a year in cybersecurity and operational failures, failed development projects, and maintenance of outdated systems”.
This “technical debt” lurks beneath the shiny and the new in “an accumulation of quick fixes and outdated systems never intended for their current use, all of which are badly in need of updating”, according to the Journal.
About Author
More Stories
The 10 rules of friendship: show up, go beyond banter, learn the boring details
Bizarre Australian mole even more unusual than first thought, new research reveals
Male mosquitoes to be genetically engineered to poison females with semen in Australian research