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This ignores the vast amount of software that interfaces with physical systems. When software fails and causes a rover to crash into the surface of Mars, there is certainly a cost and one cannot trivially start again from scratch. Same even with software that does not interface with physical systems, like algorithmic stock trading.

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If Iec 61508 was applied to all software that would also do it.

(Make software actually be engineered)

I agree, but I think the horse is out of the barn in many respects. It will be very hard to get organizations to adopt such standards without being forced to by some regulatory agency, unfortunately, because that constraints adds cost and impacts schedule.

That's without even considering all the kinds of rules-lawyering that would be applied afterwards.

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