2000 to 2009: The Rise of Social Networks and Economic Crises - The Technical and Social History of Software Engineering - page 307

The dot-com bubble burst of 2000 and the Great Recession of 2008 changed
the demographics of the software community and led to a number of downsizings
among large companies and failures among small companies. They also led to an
increase in offshore outsourcing to countries with lower labor rates such as China,
India, and the Philippines. However, offshore inflation rates are higher than U.S.
inflation rates.
Cloud computing and big data began to appear in articles and to a certain de-
gree were in actual use. However, both would have more usage in the next decade.
Agile methods continued to expand in usage. However, in spite of Agile, fail-
ures and cancellations of major applications of greater than 10,000 function points
remained troublesome. These large systems tended to use other methods such as
waterfall due to the fact that Agile does not scale up as well as it might. Methods
such as Rational Unified Process and Team Software Process proved to be suc-
cessful for large systems but were somewhat cumbersome for small projects com-
pared to Agile methods.