One Expert Pegs Yearly Cost of IT Failure At $6.2 Trillion
blognoggle writes "Roger Sessions, a noted author and expert on complexity, developed a model for calculating the total global cost of IT failure. Roger describes his approach in a white paper titled The IT Complexity Crisis: Danger and Opportunity. He concludes that IT failure costs the global economy a staggering $6.2 trillion per year."
Does this mean that IT people are generally incompetent? Or is it just the IT managers who are incompetent? Or, just maybe, it's all IT people who don't read /. who are. Hmm..
no, I don't have a sig
The global domestic product is approximately 60 trillion USD. If 6 trillion is lost to IT failure, then on average, every company is losing 10% productivity to IT failures.
This is simply not credible, and this guy should be strung up by his pinkie toes and flogged with ostrich feathers until he admits he eats eggs benedict on Tuesday mornings.
Sounds like somebody needs to hack together a new form of adblocker.
Integrating data from social media networks(get your checkbooks ready and form an orderly line, venture capitalists), particularly those, like linkedin that handle professional affiliations; along with influence peddling/lobbying data from the likes of opensecrets, this tool could automatically grade the trustworthiness and cheap-hackticity of a given article's author, saving you the trouble of manually ignoring the astroturf and marketing fluff.
It'd be a lot trickier, and less precise, than just using regex and blocking known-evil domains; but, in principle, it should actually be possible to use "social media" normally a stalwart friend of subhuman marketing scum, as a source of the information necessary to thwart the same in their vile designs...