India, June 16 -- OutSystems reported that 69% of IT leaders identify technical debt as a major threat to their companies' ability to innovate, as seen in its latest report, "The Growing Threat of Technical Debt." With COVID-19 exposing vulnerabilities in organizations around the world, this latest industry survey from OutSystems examines the cost of technical debt facing businesses across industries and geographies.

"The combination of old code along with the new generation of mobile apps, stack applications, and SaaS sprawl are robbing organizations of resources, time, and the ability to innovate," said Paulo Rosado, CEO and Founder of OutSystems. "This report proves that technical debt will continue to compound, and requires a new app...