Washington (July 15, 2002) -- Software bugs cost the US economy about $59.5 billion a year, with more than half of that borne by software users, and the remainder paid by vendors and developers, according to new research.

The study, funded by the U.S. Department of Commerce's National Institute of Standards and Technology, also found that about $22 billion of the costs could be eliminated with improved testing infrastructures that provide earlier identification. "Currently, over half of all errors are not found until 'downstream' in the development process or during post-sale software use," NIST said.

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