Poor-quality software cost the US economy $2.1 trillion last year
Operational software failure due to unpatched bugs was the leading contributor to the wasted $2.1 trillion
Poor-quality software cost the US economy $2.1 trillion last year
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Shoddy software cost the US an estimated $2.08tr in 2020, according to the Consortium for Information & Software Quality (CISQ). That s down slightly from a revised 2018 total of $2.1tr but still isn t anything to brag about.
In its 2020 report, The Cost of Poor Software Quality in the US, the Massachusetts-based standards group co-founded by the non-profit Object Management Group and Carnegie Mellon University s Software Engineering Institute (SEI), identifies three major cost sinkholes.
Unsuccessful IT initiatives and software projects are estimated to have cost $260bn in 2020, up from $177.5bn in 2018. Poor quality in legacy systems is said to have eaten up $520bn, down from $635bn in 2018. And operational software failures – bugs – took a toll of $1.56tr last year, significantly more than the $1.275tr flushed away in 2018.
Research finds poor quality software costs 2+ Trillions of $s
Synopsys sponsored market study report by the Consortium for Information & Software Quality (CISQ) points out the cost of poor software quality (CPSQ) in the US in 2020 was approximately $2.08 trillion. Poor software quality covers software failures, unsuccessful development projects, legacy system problems, technical debt and cybercrime enabled by exploitable weaknesses and vulnerabilities in software. As organizations undertake major digital transformations, software-based innovation and development rapidly expands, said report author, Herb Krasner. The result is a balancing act, trying to deliver value at high speed without sacrificing quality. However, software quality typically lags behind other objectives in most organizations. That lack of primary attention to quality comes at a steep cost. For this reason, this report offers specific recommendations to software engineers, project teams and organizational lea
January 7, 2021
Synopsys-Sponsored CISQ Research Estimates Cost of Poor Software Quality in the US $2.08 Trillion in 2020
Many digital transformation efforts fail due to poor software engineering practices around insufficient computing performance, poor cybersecurity and unscalable architectures.
MOUNTAIN VIEW, Calif., Jan. 6, 2021 /PRNewswire/ Synopsys, Inc. (Nasdaq: SNPS) today announced the publication of The Cost of Poor Software Quality In the US: A 2020 Report. Co-sponsored by Synopsys, the report was produced by the Consortium for Information & Software Quality (CISQ), an organization which develops international standards to automate software quality measurement and promotes the development and sustainment of secure, reliable, and trustworthy software. The report’s findings reflect that the cost of poor software quality (CPSQ) in the US in 2020 was approximately $2.08 trillion. This includes poor software quality resulting from software failures, unsuccessful
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MOUNTAIN VIEW, Calif., Jan. 6, 2021 /PRNewswire/ Synopsys, Inc. (Nasdaq: SNPS) today announced the publication of The Cost of Poor Software Quality In the US: A 2020 Report. Co-sponsored by Synopsys, the report was produced by the Consortium for Information & Software Quality (CISQ), an organization which develops international standards to automate software quality measurement and promotes the development and sustainment of secure, reliable, and trustworthy software. The report s findings reflect that the cost of poor software quality (CPSQ) in the US in 2020 was approximately $2.08 trillion. This includes poor software quality resulting from software failures, unsuccessful development projects, legacy system problems, technical debt and cybercrime enabled by exploitable weaknesses and vulnerabilities in software.