What is Enterprise Debt (it's worse than technical debt) and how to manage it?
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- čas přidán 23. 07. 2024
- Enterprise debt could bring a company down if not managed well.
In the following link, I discuss a form of technical debt caused by machine learning (or AI).
• Your Machine Learning ...
Hope you get a good idea of what I call enterprise debt.
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I try to provide perspectives in AI and architecture - touching upon different topics.
At times, I also help companies clarify their message in these domains.
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As usual a very concise and informative video. Excellent work Dr. Raj.👏
Thanks a bunch, Steven.
Thanks for your clear explanation
Simple but profound explanation.Well articulated
Glad you liked it
Great video Ramesh. It is more important than ever to think strategically today. Thanks for the insights.
Thanks Eajaz! Indeed - totally agree with you.
Thank you raj sir for your effort to make the most difficult thing explain so easy. I am also in ai/ml field and one thing I learned from you to say things in a simple manner.
That excellent to know Chetan. Happy you get value from my videos. Please share with your circle.
When I think of Enterprise Debt, a term I did not use before watching this insightful video, I think of good housekeeping. The more you delay doing it, the harder it becomes to manage, enjoy and improve your household and the overall user experience of living in it, just drops dramatically. Great work by Dr. Raj!
@@nramesh40 I shared the post and tagged you on Linkedin
Thanks for sharing!
This was so illuminating, thank you so much.
Glad you like it.
As always, eloquent and simple way of describing the enterprise debt. While systems and processes can be complex to change, the biggest challenge is really the people part and the Change Management associated with it. People get so comfortable with how "things have always been done this way", unless there is an outside-in approach or a smart and enterprising executive that it is challenging to push the envelope. My 2 cents.
Yep agree Kumar. That often is the case.
you are best Dr.
Great video! I love the diagrams too.
Glad you like them!
What piqued my curiosity were the words 'how to manage it".
The author of this video (Dr, Raj Ramesh) very eloquently stated the problem about the two kinds of debt (Enterprise & Technical). I was keen to see how he explained how to manage both.
At 4' 22" he stated "Architecture can help organisations understand and manage this well". I was keen to see how he addressed the concept of this 'architecture'.
At 5' 22" he stated "If they can architect the integration of their data using cloud vendor services the application integration problem goes away".
I have 2 questions:
1) What are the underlying tenets behind this 'architecture'
&
2) How does any 'architecture' overcome the 'if' question posed at 5' 22"
According to my experience & research every architected approach, designed to reduce both forms of debt, have only increased the debt by using 2 insidious, non scientific, techniques:
1) Brainstorming: Developed by an advertising executive c1939 (A Osborn) to try to elicit business requirements (BR)
&
2) Normalisation: The 7 normal forms developed between 1970 & 2003 by Codd, Boyce, Fagin, Date, Darwen & Lorentzos to try to design databases from data-items to support said BR
So how do these manage the situation?
Regards
Charles Meyer Richter
Principle Information Architect
Ripose Pty Limited
Still working as of today, ty!
Brilliant - so clear. Will be sharing this with all the right people.
Would appreciate your insights as they relate to eliminating or minimising “debt” and maximin value, in regards to transformation programs and where they are set up in a siloed way (vertical - business-led) way, rather than top-down / from an enterprise level? Thank you.
Thanks Isabella. Will add that to my list of videos to create perhaps down the line.
Great video. Would like to see something that shows a better approach from start to maturity - talk about if/how you think debt is good and then how to manage it (assuming you think it is OK).
Great suggestion! Thanks for that. Yes, debt is many cases is ok - just has to be managed, as you suggest.
Enterprise debt. Technical debt. I think both are the result of failure at enterprise thinking. Thank you Dr.
Amazing thoughts on leapfrogging too
in the example above, if fridge, washing machine and dishwasher have their own bounded contexts with hexagonal architecture, diesnt it help in reducing these debts?
It is not just about the software. You are answer is targeting the solution space. The vidéo is adressing the problem space, I mean the business strategy and organisation
Yep, thanks @Lenny. We are not talking about the fridge, washing machine, and dishwasher interacting with one another - in which case a hexagonal architecture would be good. I think that's what you are referring to.
Hi It is very good subject . please tel me about your tools which you use for drow and making this video
www.drrajramesh.com/sparkol
Excellent explanation Dr. Raj 👏
Thanks a ton