The cost of keeping up with outdated technology has put a stranglehold on enterprise IT budgets and is preventing companies from making robust investments in new solutions, retired Lt. Gen. William T. Lord, the former chief information officer of the U.S. Air Force, writes. Data show that the average company spends 70% of its IT budget maintaining legacy software and systems. But, according to Lord, breaking the cycle can't happen overnight and requires balancing budgetary realities with the need for business continuity.

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