{"id":93063,"date":"2023-11-15T11:12:08","date_gmt":"2023-11-15T11:12:08","guid":{"rendered":"https:\/\/www.intelligentcio.com\/me\/?p=93063"},"modified":"2023-11-23T15:33:42","modified_gmt":"2023-11-23T15:33:42","slug":"91-of-ctos-believe-technical-debt-is-their-biggest-challenge-says-stx-next-research","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/me\/2023\/11\/15\/91-of-ctos-believe-technical-debt-is-their-biggest-challenge-says-stx-next-research\/","title":{"rendered":"91% of CTOs believe technical debt is their biggest challenge, says STX Next research"},"content":{"rendered":"\n<p>New research from STX Next, a prominent IT services and consulting company, has found that 91% of CTOs see technical debt as their biggest challenge heading into 2024. This underlines how many businesses face significant long-term issues that could be costly to rectify down the line, unless steps are taken to address capacity problems sooner rather than later.&nbsp;<\/p>\n\n\n\n<p>The survey found that the second most prominent challenge highlighted by 68% of CTOs is capacity, suggesting that technical leaders are still grappling with staffing and employee attrition. This highlights the competition across the sector for skilled professionals and the industry-wide shortage that is making projects more difficult to fulfil in good time.\u00a0<\/p>\n\n\n\n<p>The findings were taken from STX Next\u2019s <em>2023 Global CTO Survey<\/em>, which surveyed 500 global CTOs about the biggest challenges facing their organisation. Other key findings from the research included:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Security is the third most prominent challenge at 62%, suggesting that many are still battling to tame the rise in ransomware and other cyberattacks.&nbsp;<\/li>\n\n\n\n<li>To add to CTOs\u2019 existing woes when it comes to hiring, employee retention is also a significant headache, with 42% of respondents suggesting it was one of their foremost concerns.&nbsp;<\/li>\n\n\n\n<li>Another prominent constraint to performance is lack of budget, according to 52% of CTOs.&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Overcommitment is another key challenge for CTOs when it comes to delivery. A fifth (22%) said that overcommitment causes problems, followed by technical debt at 14% and communication failures at 12%.\u00a0<\/li>\n<\/ul>\n\n\n\n<p>Ronald Binkofski, CEO at STX Next, said: \u201cOverwhelmingly, technical debt and refactoring are the most pressing concerns for CTOs, perhaps brought on by the skills shortage leading to sub-optimal solutions being implemented to save time and money. Although driven by necessity in many cases, these short-term fixes will no doubt place strain on businesses as they require more work in the long run.\u201d&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New research from STX Next, a prominent IT services and consulting company, has found that 91% of CTOs see technical debt as their biggest challenge heading into 2024. This underlines how many businesses face significant long-term issues that could be costly to rectify down the line, unless steps are taken to address capacity problems sooner [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":93067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3624,6,54,13,79],"tags":[16613,1816,16614],"class_list":["post-93063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-study-newsletter","category-insights","category-research","category-top-stories","category-used","tag-2023-global-cto-survey","tag-research","tag-stx-next"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/93063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/comments?post=93063"}],"version-history":[{"count":6,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/93063\/revisions"}],"predecessor-version":[{"id":93419,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/posts\/93063\/revisions\/93419"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media\/93067"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/media?parent=93063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/categories?post=93063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/me\/wp-json\/wp\/v2\/tags?post=93063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}