The Technical Debt Dilemma: How to Manage & Reduce It
Technical debt | Digicore

The Technical Debt Dilemma: How to Manage & Reduce It

Technical debt is a term that no software developer likes to hear. But it’s a reality that every development team faces at some point. It’s like financial debt, but instead of money, you’re borrowing time and resources.

What is technical debt?

Technical debt is the accumulation of suboptimal design or implementation decisions made during software development. These decisions may be made to meet deadlines, reduce costs, or add new features quickly. For example, you might copy and paste code instead of writing a new function, or you might skip unit testing because you’re running out of time.

However, they can lead to long-term problems, such as difficult-to-maintain code, increased risk of bugs, and slower development cycles. While technical debt is inevitable, it’s important to manage it effectively. If you let it pile up, it can eventually become a burden that slows down your development process and makes it difficult to deliver new features.

Common causes of technical debt

Here are some of the most common causes of technical debt:

  • Cutting corners to meet deadlines
  • Lack of communication and collaboration
  • Using outdated technologies or tools
  • Inadequate testing
  • Poor documentation
  • Changing requirements
  • Lack of experience or skills

How to reduce technical debt

There are a number of ways to reduce technical debt. Some of the most common methods include:

  1. Refactoring: Refactoring is the process of changing the design or implementation of code without changing its functionality. This can be done to improve the code’s quality, readability, and maintainability.
  2. Testing: Testing is essential for identifying and fixing bugs in code. By investing in testing, you can reduce the risk of technical debt accumulating.
  3. Documentation: Documentation helps developers to understand and maintain code. By keeping your documentation up-to-date, you can reduce the risk of technical debt accumulating.
  4. Pair programming and code review: Pair programming and code review can help to identify and fix technical debt early on.
  5. Continuous integration and continuous delivery (CI/CD): CI/CD is a set of practices that automates the software development and delivery process. This can help to reduce technical debt by ensuring that code is tested and deployed regularly.

We think it’s important to note that technical debt is not always a bad thing. In some cases, it may be necessary to incur technical debt in order to meet a deadline or to add new features quickly. However, make sure you are aware of the potential costs of technical debt and manage it carefully.

Build a FinTech solution with?Digicore

There is so much to gain from building a resilient financial technology solution. If you intend to build one, your first step is to work with a highly capable fintech software development company.

Digicore develops customer-centric financial technology solutions that meet ethical and legal guidelines, and help financial institutions achieve their key business objectives. If you are looking to build a gamified fintech solution, get in touch with us today, and let’s get started.

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