Study Finds C-Suite Executives Believe Access to Software Developers is Major Threat to Success
According to a study of 1,000+ C-suite executives recently completed by Stripe and Harris Poll, 61% believe that access to developer talent is a threat to the success of their business. This ranked higher than corporate tax rates (58%), trade tariffs (56%), access to capital (56%), and the impact of Brexit (55%.)
Why do they place such a high value on developers? The study found that the C-level respondents believe developers are “force-multipliers” that help build their companies in critical ways, and that the best developers build new products, services, and entire businesses.
However, a CNBC.com article summed up the threat by stating, “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.”
Click here to read the full CNBC.com article, including recommendations for what C-suite executives can do to remedy the situation.