Financial Damage Caused by Software Bugs

Written by spekulatius | Published 2021/05/02
Tech Story Tags: software-testing | software-development | bugs | finance | software-architecture | custom-software-development | personal-finance | testing | web-monetization

TLDR Tricentis had issued a report on software failures in 2017. It was concluded that companies faced almost 1.7 trillion US dollars worth of software failures. This affected 3.6 billion of the population. In 2012 a server of Knight Capital Group was forgotten during a software update that created millions of stock orders. As a result, trades exceeded half a billion dollars within a short time. In the case of a recent tragic Tesla crash, which is suspected to be linked to the autopilot software, 3% Tesla stock decline amounted to around 20 billion dollars.via the TL;DR App

no story

Written by spekulatius | Building side-projects and learning new stuff every day.
Published by HackerNoon on 2021/05/02