There are a few consequences for failing to identify system requirements.
1. Strain on time and effort which can cost money for either a company or yourself (depending if you are an employer, employee, etc).
2. Additional costs for hardware. If you decide to upgrade your hardware on a later time. It will cost additional money for repairs and replacements to adjust.
3. It can cause dissatisfaction to a user if you are working as a technician (for example) which can leave a negative mark on your reputation/resume)
Your digital footprint is the trail of 'electronic breadcrumbs' you leave behind when you use the internet. It can include the websites you visit, the photos you upload and your interactions with other people on social networks.