Financial Daily from THE HINDU group of publications
Wednesday, Apr 26, 2006
Financial Daily from THE HINDU group of publications Wednesday, Apr 26, 2006 |
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Info-Tech
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Piracy $500 m lost to software piracy: Study L.N. Revathy
Coimbatore , April 25 Software companies in India lose a staggering half a billion dollar a year to pirated software, says the latest BSA (Business Software Alliance) - IDC study on `Global Software Piracy'. The piracy rate has risen from 73 per cent with losses amounting to $363 million in 2003 to 74 per cent and the consequential loss totalling $519 million in 2004. "The rise in the piracy rate is just one per cent, but the resultant loss is about 40 per cent considering the size of the economy and the IT industry. It is a dire situation," Mr Ajay Advani, Co-Chairperson, BSA (India), told Business Line. Stating that BSA's efforts were aimed at making the digital environment `safe and legal' he said, "Piracy can be curbed by educating users about the importance of legal software, through enforcement and initiation of legal action, by creating an awareness about the growth potential and opportunities compromised by software piracy."
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