It is estimated that poor software quality cost the United States economy over $2 trillion in 2020
According to “The Cost of Poor Software Quality in the US: A 2022 Report” that will be published in December 2022 by CISQ, introduced in a webinar by Herb Krasner — CISQ Advisory Board Member, it is estimated that poor software quality cost the United States economy over $2 trillion in 2020 due to operational software failures, poor quality legacy systems, and unsuccessful projects. Compared to the country’s projected Gross Domestic Product (GDP) of $20.66 trillion, or the $1.4 trillion spent on employing IT/software professionals in 2020, it represents a staggering amount of wasted resources. It also highlights the rapidly growing costs of cybersecurity failures and software technical debt.
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