Software Bug Cost. The episode cost Intel 475 million. ILOVEYOU MyDoom SoBig WannaCry DarkTequila and BlackEnergy which altogether caused the damage for 95 billion.
620 million developer hours a year are wasted on debugging software failures Software failures cost the enterprise software market 61 billion annually In one survey 62 percent of end-users say theyll uninstall an app when they encounter a problem. Cost of fixing bugs In 2017 software failures cost the economy US17 trillion in financial losses Software bugs can result in heavy losses and hence as they say Prevention is better than cure it is always better to get these bugs fixed at the early stages of software development lifecycles. As you can see the cost of removing the same defect can vary from 50 to 1500 according to the time of its detection.
In 2002 a study commissioned by the US Department of Commerces National Institute of Standards and Technology concluded that software bugs or errors are so prevalent and so detrimental that they cost the US economy an estimated 59 billion annually or about 06 percent of the gross domestic product.
As you can see the cost of removing the same defect can vary from 50 to 1500 according to the time of its detection. Fixing bugs earlier is obviously cheaper. Thats about 113333 a minute. After the release the overall cost will increase 30 times and will be equal to 1500.
