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One Expert Pegs Yearly Cost of IT Failure At $6.2 Trillion

Posted by timothy on from the but-what's-the-cost-of-preventing-it? dept.

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."

1 of 242 comments (clear)

  1. Does your company lose 10% to IT failure? by BadAnalogyGuy · · Score: 5, Interesting

    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.