According to McKinsey, technical debt accounts for approximately 40% of IT balance 1 sheets. However, other research shows that by managing technical debt, the typical 2 development organization can increase its feature delivery efficiency by at least 25%. Underneath this ailing architecture lie myriad manual processes that prevent teams from enhancing and extending workflows with more sophisticated automation. This results in slow innovation, and the many attempts to automate manual workflows across legacy systems fail due to sluggish time to value and high costs. The main reason for this? There just aren’t enough skilled developers to keep pace with the increased demand for new apps and software. In many cases, this shortfall in understanding and managing change is creating added complexity. There’s also a clear need for more transparent and efficient ownership. This requires buy-in from The current landscape makes the CFO and board, particularly when trying to understand the details of technology investments. it difficult to deliver agility, efficiency, and the exceptional experiences that delight customers and employees. Intelligent automation and low code: Powering the modern enterprise | 7