Company
Date Published
Author
Nuno Loureiro
Word count
771
Language
English
Hacker News points
None

Summary

The cost of poor software quality is estimated to be nearly 10% of the current GDP in the US, with a total cost of $2.41 trillion in 2022, and is forecasted to reach around $2.25 trillion by 2034. The worldwide software market is expected to triple in a decade, making it crucial for organizations to prioritize software quality and find security-related flaws early in the development process. This can lead to significant cost savings, efficiency gains, risk reduction, protection of business brand and reputation, lower insurance premiums, and improved developer productivity. Organizations that adopt a developer-first security approach can achieve a 72-day reduction in mean time to fix vulnerabilities, reducing costs and improving overall software quality.