{"id":13651,"date":"2024-03-10T11:37:17","date_gmt":"2024-03-10T10:37:17","guid":{"rendered":"https:\/\/costops.com\/index.php\/2024\/03\/10\/your-business-could-lose-money-by-not-updating-ancient-software-heres-why\/"},"modified":"2024-03-10T11:37:17","modified_gmt":"2024-03-10T10:37:17","slug":"your-business-could-lose-money-by-not-updating-ancient-software-heres-why","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/03\/10\/your-business-could-lose-money-by-not-updating-ancient-software-heres-why\/","title":{"rendered":"Your business could lose money by not updating ancient software. Here\u2019s why"},"content":{"rendered":"<p>Some business owners will be ready to cash out in the near future, but old tech could decrease the value of their firms<\/p>\n<p>Clunky, old tech is costing the US a fortune. According to a <a href=\"https:\/\/www.wsj.com\/tech\/personal-tech\/the-invisible-1-52-trillion-problem-clunky-old-software-f5cbba27\">recent column<\/a> in the Wall Street Journal, it would take more than $1.5tn to fix and \u201ccosts the US $2.41tn a year in cybersecurity and operational failures, failed development projects, and maintenance of outdated systems\u201d.<\/p>\n<p>This \u201ctechnical debt\u201d lurks beneath the shiny and the new in \u201can accumulation of quick fixes and outdated systems never intended for their current use, all of which are badly in need of updating\u201d, according to the Journal.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2024\/mar\/10\/small-business-technical-debt-software-upgrade\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/13979ecdc0e4ae85ea9c8593bc18702a66e9bb76\/167_195_2668_1601\/master\/2668.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=09d4c17de119c346aef187aa0d74627e\" title=\"Your business could lose money by not updating ancient software. Here\u2019s why\" \/>Some business owners will be ready to cash out in the near future, but old tech could decrease the value of their firms<br \/>\nClunky, 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 \u201ccosts the US $2.41tn a year in cybersecurity and operational failures, failed development projects, and maintenance of outdated systems\u201d.<br \/>\nThis \u201ctechnical debt\u201d lurks beneath the shiny and the new in \u201can accumulation of quick fixes and outdated systems never intended for their current use, all of which are badly in need of updating\u201d, according to the Journal. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201ccosts the US $2.41tn &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/03\/10\/your-business-could-lose-money-by-not-updating-ancient-software-heres-why\/\"> <span class=\"screen-reader-text\">Your business could lose money by not updating ancient software. Here\u2019s why<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":13652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13651"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=13651"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/13651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/13652"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=13651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=13651"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=13651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}