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12 <h2><a href='
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>Software Developers Are Now More Valuable To Companies Than Money, Says Survey (cnbc.com)
</a></h2>
13 <div class='details'
>(Thursday September
06,
2018 @
11:
30PM (BeauHD)
14 from the new-breed-of-corporate-leaders dept.)
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17 An anonymous reader quotes a report from CNBC:
<br/><br/>> As our global economy increasingly comes to run on technology-enabled rails and every company becomes a tech company, demand for high-quality software engineers is at an all-time high. A recent study from [
1]Stripe and Harris Poll found that
61 percent of C-suite executives believe access to developer talent is a threat to the success of their business. Perhaps more surprisingly -- as we mark a decade after the financial crisis -- [
2]this threat was even ranked above capital constraints . And yet, despite being many corporations
' most precious resource, developer talents are all too often squandered. Collectively, companies today lose upward of $
300 billion a year paying down
"technical debt,
" as developers pour time into maintaining legacy systems or dealing with the ramifications of bad software. This is especially worrisome, given the outsized impact developers have on companies
' chances of success. Software developers don
't have a monopoly on good ideas, but their skill set makes them a uniquely deep source of innovation, productivity and new economic connections. When deployed correctly, developers can be economic multipliers -- coefficients that dramatically ratchet up the output of the teams and companies of which they
're a part.
<br/><br/><br/><br/>[
1] https://stripe.com/reports/developer-coefficient-
2018<br/><br/>[
2] https://www.cnbc.com/
2018/
09/
06/companies-worry-more-about-access-to-software-developers-than-capital.html