Cambridge, UK January 2013

According to recent Cambridge University research, the global cost of debugging software has risen to $312 billion annually. The research found that, on average, software developers spend 50% of their programming time finding and fixing bugs.
When projecting this figure onto the total cost of employing software developers, this inefficiency is estimated to cost the global economy $312 billion per year.

To put this in perspective, since 2008, Eurozone bailout payments to Greece, Ireland, Portugal, and Spain have totaled $591 billion. These bailout payments total less than half the amount spent on software debugging over the same five year period.

Since software developers are only human, they often make errors while writing complex code, which cause programs to work improperly or latent bugs to arise in the future. The process of correcting code to make it work is called debugging.
Debugging is often time intensive because it is difficult to locate the root cause of an issue. Because computers execute billions of instructions per second, finding the one defective instruction is like finding a needle in a haystack.

Without intervention, the problem is only set to worsen. Sustained software industry growth means the current $312 billion in losses will soar in the next decade.
According to Bloomberg industries, between 2007 and 2011, the software industry grew by 34%, 38%, and 63% in the US, UK, and China respectively. Over the same time period, there was also a global rise in programmer wages and an increasing need for customized software, putting an upward pressure on the cost of employing a programmer.

The Cambridge research, brings to light a problem with which all software developers are very familiar, and yet it is one often ignored by managers, politicians, and key decision makers. Knowing that the cost of bugs is equal to $312 billion annually, a figure that is only set to rise is bound to grab attention.

Services that reduce debugging time have the potential to make a real impact on the global economy.

Thats us! Shall we then?