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Article: Software bugs cost billions annually. (Technology).(Department of Commerce study)
- Article from:
- National Underwriter Life & Health-Financial Services Edition
- Article date:
- August 5, 2002
- Author:
CopyrightCOPYRIGHT 2002 Summit Business Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A Department of Commerce study has concluded that software bugs, or errors, cost the U.S. economy an estimated $59.5 billion annually, but not everyone agrees that the blame lies entirely with software vendors.
According to the study--commissioned by the Gaithersburg, Md.-based National Institute of Standards and Technology (NIST), a part of DOC--at the national level, more than half the costs of such errors are borne by software users, with the remainder falling on software developers and vendors.
Released in June, the study was funded by NIST and conducted by the Research Triangle Institute in North Carolina.
The study--The Economic Impacts of ...