Summarise the main lessons that you learn from the Tricentis report: Software failure caused $1.7 trillion in financial losses in 2017.
Nowadays, software failures can cause an infinite number of personal and business implications, such as travelers being stranded in airports for days, sensitive data being stolen, and impacts on stock prices;
A big problem is that a lot of legacy software and legacy testing tools are still used today, but were developed two decades ago and were not intended to support high levels of quality in today's rapid release cycles;
In total, at least 50% of the world's population has been affected by computer bugs, resulting in a total loss of over 1.7 trillion USD and over 268 years of accumulated time lost;
In 2017, the industry with the most software failures and brand erosion was Consumer Tech. This does not mean that other industries (like Health and Finance) don’t have software failures; in fact, they are less exposed and have dedicated crisis-recovery teams to fix the problem in the shortest time possible;
Especially in the Retail and Consumer Tech Industry, the race to lead the market can result in the quick release of poorly tested software;
These types of bugs often occur as a result of routine software updates, a fact which underscores the necessity of end-to-end testing.