INCREASING the use of properly licensed software has a greater impact on the local economy than allowing similar growth in the use of pirated software.
In fact, a one per cent increase in licensed software use will generate a further US$240 million
in Singapore's gross domestic product compared with a similar one per cent rise in the use of pirated software, a study done by Insead business school and software industry advocate BSA has found.
On a global scale, the study, based on data from 95 economies, found that increasing licensed PC software use by one per cent would inject US$73 billion into the world economy.
This additional value comes mainly from the reduced exposure to viruses and other security vulnerabilities that licensed software offers, as it comes with value-added services that provide access to upgrades, patches and manufacturer support, such as training and problem resolution.
Therefore, the level of effectiveness and efficiency is increased with fewer system malfunctions and downtime, in addition to lower IT repair costs.