Your business could lose money by not updating ancient software. Here’s why

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“costs the US $2.41tn a year in cybersecurity and operational failures, failed development projects, and maintenance of outdated systems”.

This “technical debt” lurks beneath the shiny and the new in “an accumulation of quick fixes and outdated systems never intended for their current use, all of which are badly in need of updating”, according to the Journal. Continue reading…
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