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Tech debt refers to the cost of redeveloping existing products and code that wouldn’t otherwise be able to scale or evolve over time to meet shifting consumer needs. And while the concept has been around for years, for most of that time, tech debt was primarily the concern of product and engineering teams. These days, by contrast, more and more executives are taking an interest given tech debt’s impact on enterprise value. They’re also increasingly holding their teams accountable to manage it appropriately.