In installment 3, we noted that the incidence of proactive governance programs and technical debt accrual are inversely proportional.
When the economy hits a bump in the road and corporate financial performance suffers, executive leadership judiciously looks for areas to cut costs and find new ways to create growth opportunities. Ironically, the accrual of more technical debt undermines organizations’ ability to innovate and differentiate when most needed.
According to 10K Advisors’ 2023 “Salesforce Talent Ecosystem Report,” the trend points to a reduced 41% in 2023 demand for Salesforce Technical Architects, the primary source of technical governance planning and execution, and the most expensive resources in the Salesforce ecosystem, while demand for developers increased 23%. They suggest that this cost-cutting trend points to an increase in technical debt backlog, which should be monitored.
Companies that already have a governance program will, therefore, likely be in a better position to move faster to innovate to sustain or increase growth (while those that do not may not be able to respond as quickly to market demands).
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