As organizations strive to increase their focus and time and resources on innovation, technical debt becomes a significant concern and burden that can lead to decreased productivity as well as increased costs and risk. On average, according to the global CIO survey, nearly 70% of organizations view technical debt as having a high level of impact on their ability to innovate. As innovation and transformation continue to accelerate, companies confront a pressing question: Does the balance we strike between innovation and control align with our strategy?

Here's why innovation and technical debt must be key areas of focus for CFOs and finance leaders.