Latest headlines: Scott Tiner on technical debt in higher ed, Futuresource Consulting on esports and the opportunity for ProAV and more
August 11, 2023 | Volume: 16 | Issue: 14
Scott Tiner writes about technical debt in higher ed in his latest column. We might know the definition of this term, but what does it mean in the AV world? Find out more by clicking here — plus get his advice on preventing this if you can.
In our second column, our pals at Futuresource Consulting wrote a piece on the opportunity for esports in ProAV. I can’t echo this enough; esports was a huge topic at InfoComm 2023 (with a whole pavilion dedicated to it!) and it will only grow. Read more here.
I define technical debt as “the cost a business accrues when they put off fixes or cut corners on systems that will cost them money in the future.” The term debt is very relatable because everyone understands debt, and understands that the longer you keep the debt, the more expensive it is. In particular, your CFO is keenly aware of the cost of debt. So, technical debt is when you do not spend time or money today, knowing that it is going to cost you more in the future.
Despite the pervasiveness of online-only events throughout 2021 and 2022, as well as the lifting of COVID-19 restrictions, the market saw a 76% rise in ProAV sell-in, when comparing 2022 to pre-Covid 2019. Despite this mammoth increase, spend remains below pre-pandemic levels, achieving $243m in 2022, in comparison to $246m in 2019.
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