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Hey idiots, we can't write a proper article so here are some soundbites with pictures.

Useless information with some nice design.

Yes, because between 1970 and 2001 we were all blindly following the waterfall model of software development until Agile came down from the heavens and showed us the error of our ways. (Disclaimer: I like Agile; it's just not a panacea)

Also, $60 billion is not much in the grand scheme of things.

Exactly the second point.

Bugs persist for the same reason 'bad' code/coders persist: even flawed software is generally worth far, far more money than no software and very few projects have an ROI that doesn't taper off very quickly after a "good enough" effort.

Infographic: the cost of bugs