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January 17, 2021 05:40 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/uDNWQdSpPzA/estimated-cost-of-poor-software-quality-in-the-us-in-2020-21-trillion
Estimated Cost of Poor Software Quality in the U.S. in 2020: $2.1 Trillion
TechRepublic shares a remarkable calculation by the not-for-profit IT leadership group the Consortium for Information and Software Security:CISQ's 2020 report, The Cost of Poor Software Quality in the U.S., looked at the financial impact of software projects that went awry or otherwise ended up leaving companies with a larger bill by creating additional headaches for them. According to the consortium, unsuccessful IT projects alone cost U.S. companies $260 billion in 2020, while software problems in legacy systems cost businesses $520 billion and software failures in operational systems left a dent of $1.56 trillion in corporate coffers. As a result, the total cost of poor software quality in the U.S. amounted to approximately $2.08 trillion in 2020, CISQ said. Comparing this to the total U.S. IT and software wage base of $1.4 trillion, the company said the figures "underscored the magnitude of the negative economic impact of poor software quality."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/uDNWQdSpPzA/estimated-cost-of-poor-software-quality-in-the-us-in-2020-21-trillion
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