Just like large companies, SMBs depend on technologies to support critical functions such as marketing, sales, manufacturing, and customer experience, in addition to payroll and inventory. Unlike large companies, however, most SMBs lack the resources to staff a department of IT experts, recover from a setback due to outdated software or hardware, or rebound from a major investment in a novel technology that fails to pay off. Your small business could well be racking up debt traced to technology right now—even if your monthly variance reports or other accounting controls show no warning signs of financial trouble. It is also likely that someone in your company, without authority or oversight, has taken action or made decisions that have added to your technical debt—which could be putting your enterprise in peril. “Small companies have different challenges and benefits when it comes to managing evolving technology. Failure to pay attention can run a company aground. Technical debt can be a sneaky and potent enemy. Joining us for our discussion with Michael Fillios on Technology and Business. Michael C. Fillios is the founder and CEO of the IT Ally Institute, a nonprofit organization providing small and medium-sized businesses (SMBs) access to knowledge, research, and practical tools to improve their tech bottom line. A senior global business and technology executive with more than 25 years of experience in IT, finance, operations management, and change leadership, he lives in Mason, Ohio. Learn more at www.itallyinstitute.org His latest book is Tech Debt 2.0 Welcome to Mastering Your Money, Michael Fillios! .