snydeq writes "The underfunding of routine hardware replacement purchases and the degradation of aging enterprise apps pose systemic risk for many IT organizations, thanks to a ballooning 'deferred IT maintenance debt' in the decade since Y2K fears pushed enterprises to invest heavily in essential system upgrades, InfoWorld's Bill Snyder reports. And with sysadmins 'scrambling to keep systems up and running with budgets that barely cover the basics,' this 'IT debt' promises only to increase in the coming years, especially as IT continues to defer routine maintenance in favor of new 'cost-saving' initiatives, particularly around the cloud."
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