Why Does Productivity Matter in Software Development?
Productivity in software development is a critical factor that directly impacts the success of businesses and the economy.
When it comes to software development platforms, the choice is crucial for decision-makers. Productivity in software development is a critical factor that directly impacts the success of businesses and the economy. Studies showing the impact of poor software quality on the US economy shed light on the magnitude of the problem and emphasize the need for increased productivity in software development:
- Increased productivity translates into significant cost savings for companies. According to a study by the Consortium for IT Software Quality, poor software quality costs the US economy an estimated $2.41 trillion annually.
- In terms of cost savings, a study by the National Institute of Standards and Technology (NIST) found that the cost of fixing defects increases exponentially as the development phase progresses.
- According to a study conducted by the Standish Group, even a small improvement of 1% in software productivity can lead to substantial cost savings for a small to medium-sized company (SMB), with savings potentially amounting up to $1 million. This highlights the significant impact that productivity can have on a company’s financial performance.
One of the key factors affecting productivity in software development is the time it takes to develop and deliver solutions. The longer it takes to develop software, the more resources are consumed, and the slower businesses can respond to market demands. This not only leads to economic losses but also hampers innovation and competitiveness.
Increasing productivity in software development can:
- Reduce development time
- Minimize defects
- Enhance overall efficiency
- Save costs associated with rework, maintenance, and support
By investing in a highly productive development tool like Cincom Smalltalk, companies can reduce defects, time for rework, and associated costs.
Various industry surveys consistently rank Smalltalk as one of the most productive programming languages. For example, the Computer Language Benchmarks Game revealed that Smalltalk outperformed popular languages like Java and C++ in terms of code size and execution speed.
- Take a test drive for yourself to see if Cincom Smalltalk can make you a more productive developer: https://try.cincomsmalltalk.com