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 leaders to improve the quality of the software they use and build." Here we share below the Key findings from Synopsys' release: Operational software failure is the leading driver of the total cost of poor software quality (CPSQ), estimated at $1.56 trillion. This figure represents a 22% increase since 2018. That number could be low given the meteoric rise in cybersecurity failures, and also with the understanding that many failures go unreported. Cybe...