The Underdeveloped World of Software

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The Underdeveloped World of Software

Software may be growing increasingly ubiquitous. But that just means the problems associated with poor design are growing as well. The Economist cites the Standish Group’s estimates that "30% of all software projects are cancelled, nearly half come in over budget, 60% are considered failures by the organisations that initiated them, and nine out of ten come in late."

The publication goes on to point to a 2002 study by the National Institute of Standards (NIST), which contended that software errors are costing the American economy $59.5 billion each year. "Worldwide, it would be safe to multiply this figure by a factor of two."

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