NEW RESEARCH: THE COST OF POOR SOFTWARE QUALITY IN THE US: A 2022 REPORT.
Our 2022 update report estimates that the cost of poor software quality in the US has grown to at least $2.41 trillion, but not in similar proportions as seen in 2020. The accumulated software Technical Debt (TD) has grown to ~$1.52 trillion.
The key US economic conditions that frame the context for this biennial report are:
- A projected GDP for 2022 of $23.35 trillion, a roughly 2% rise since 2020
- An inflation rate of 15% over the two-year period
- A small 4% growth in the IT labor base over those 2 years to $1.51 trillion
- The number of unfilled IT jobs sits at ~300,000 as of the end of August
The 3 main problem areas that we focus on in this year’s report are:
- Cybercrime losses due to existing software vulnerabilities jumped way up
- Software supply chain problems with underlying 3rd party components (especially Open Source Software, aka OSS) have risen significantly
- The growing impact of Technical Debt (TD) has become the biggest obstacle to making any changes to existing code bases
In this 2022 report we turn our attention to recent developments and emerging solutions to help improve the poor software quality situation as it now exists and stabilize/reduce the growth rate of CPSQ in the near future.
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Featured Upcoming Event
- December 8th, 2022 - Advances in the Assessment of Software Quality & The Cost of Bad Software – Austin, TX