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1 0Software Developers Are Now More Valuable To Companies Than Money, Says Survey (cnbc.com) null/SLASHDOT/0102640098 70
2 i Thursday September 06, 2018 @11:30PM (BeauHD)
3 i from the new-breed-of-corporate-leaders dept.
4 i
5 i An anonymous reader quotes a report from CNBC:
6 i
7 i > As our global economy increasingly comes to run on
8 i technology-enabled rails and every company becomes a tech
9 i company, demand for high-quality software engineers is at an
10 i all-time high. A recent study from [1]Stripe and Harris Poll
11 i found that 61 percent of C-suite executives believe access to
12 i developer talent is a threat to the success of their business.
13 i Perhaps more surprisingly -- as we mark a decade after the
14 i financial crisis -- [2]this threat was even ranked above
15 i capital constraints . And yet, despite being many
16 i corporations' most precious resource, developer talents are
17 i all too often squandered. Collectively, companies today lose
18 i upward of $300 billion a year paying down "technical debt," as
19 i developers pour time into maintaining legacy systems or
20 i dealing with the ramifications of bad software. This is
21 i especially worrisome, given the outsized impact developers
22 i have on companies' chances of success. Software developers
23 i don't have a monopoly on good ideas, but their skill set makes
24 i them a uniquely deep source of innovation, productivity and
25 i new economic connections. When deployed correctly, developers
26 i can be economic multipliers -- coefficients that dramatically
27 i ratchet up the output of the teams and companies of which
28 i they're a part.
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32 i [1] https://stripe.com/reports/developer-coefficient-2018
33 i
34 i [2] https://www.cnbc.com/2018/09/06/companies-worry-more-about-
35 i access-to-software-developers-than-capital.html
36 i