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Technical Debt Reduction

Optimizing enterprise-wide costs by minimizing technical debt 

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  3. Technical Debt Reduction
Banking and Financial Services Application Support & Management Consulting and Design

Application Maintenance is on a never-ending upward spiral due to low code quality, design patterns, and other related tech debt.


The cost of maintaining applications (run-the-business) is eroding budgets and leaving little room for innovation. These costs often increase year-on-year and can take up to 80% of a bank’s IT budget.

By reengineering debt management, companies can truly fuel digital innovation and bring products and services faster to market.

Technical debt usually happens due to low code quality and design patterns. While there is a myriad of reasons, the most often overlooked reason for tech debt pile-up is run-the-business (RTB) applications that are going through changes and updates.

 

Technical Costs

The cost of maintenance is not as simple as it seems

  • Slow Digital & Agile Transformation - Velocity tied to the slowest platform

  • Challenging Architecture Changes - Complicated cloud/cloud-native re-architecture process

  • Lurking Vulnerabilities - Vulnerabilities inherited over time

  • Impaired Re-usability - Degrading code quality & size over time

  • SDLC Automation - Test automation debt & limited Devops debt

  • Knowledge Gaps - Documentation of features in scaled environments

  • Low Unit Test Coverage - Increased integration efforts & cycle times

  • Lost Resiliency - Past resiliency patches might not apply to the new architecture
Intelligent Engineering Approach

Virtusa is pioneering ways to drive transformative results using accelerators and tailored processes and leveraging strong engineering arbitrage.

 Our expertise and frameworks can plug into existing tools to identify and prioritize code fixes. We have developed a unique solution to tech debt reduction, building on our years of experience transforming complex technology landscapes.

Key Benefits:

  • Realize >30% operations cost savings in your RTB initiatives with our tech debt remediation program.

  • >25% faster releases 
    Increase release velocity with reduced testing efforts for changes.

  • Higher Quality 
    Eliminate up to 90% of code component related defects earlier in the lifecycle.

  • Reduced triaging and analysis time
    Reduction in objective time to find issues and root cause analysis with improved code quality.
Technical Debt Solutions

Find out what Virtusa can do for you

Speak to an expert, request an assessment, demo our Technical Debt Reduction solution.

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  • Services

    Consulting & Design

    • User Experience & Interface Design
    • Business Consulting
    • IT Strategy & Infrastructure
    • Accelerated Solution Design
    • Operational Process Design
    • Org Change Management

    Digital Engineering

    • AI & Machine Learning
    • Analytics, Insights, Data
    • Application Platform Engineering
    • Content & Customer Experience
    • Digital Process Automation
    • Enterprise Applications
    • Industrial IoT
    • xLabs: Innovation Hub

    Cloud Transformation

    • Cloud Native Engineering
    • Cloud Migration Services
    • Cloud Operate
    • Cloud SaaS
    • Cloud Data & Analytics
    • Cloud Security

    Managed Services

    • Application Support & Management
    • Infrastructure Management Services
    • Intelligent Engineering Automation
    • Knowledge Process Outsourcing
  • Industries

    • Banking & Financial Services
    • Communications
    • Healthcare
    • Life Sciences
    • Information Services
    • Insurance
    • Independent Software Vendors
    • Manufacturing
    • Media & Entertainment
    • Transportation & Logistics
    • Travel & Hospitality

    Virtusa named as a visionary in the 2020 Gartner Magic Quadrant

    for IT Services for Communication Service Providers, Worldwide

    Learn More
  • About us

    Who we are

    • About Virtusa
    • Leadership
    • Corporate citizenship
    • Awards
    • Investor information

    Office Locations

    • Americas
    • APAC
    • EMEA

    Our Approach

    • Digital Transformation Studio
    • Transformation Accelerators

    Our Partnerships

    • Adobe
    • AWS
    • Azure
    • Google
    • Pega
    • Salesforce
    • View all partners

    Newsroom

    • Press releases
    • Events
    • Media coverage
    • Video hub

    Our Perspectives

    • Articles
    • Tech Talks
    • White papers
    • Webinars
    • More perspectives

    Virtusa named leader in Pega Services

    PEAK Matrix® Assessment 2021 by Everest Group

    Read report
  • Careers
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  • Popular Searches
    • What are your healthcare solutions?
    • COVID response
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