The credentials and rigor are what Professional Engineering is supposed to include. The credentials help give bite to Ethics Boards and other tools used to keep the entire profession honest and safe. The rigor is supposed to include things like making sure that you are solving the right problems.

Many people's lives do depend on software today. Insurance software dictates who gets treatment and who doesn't; that's real lives at stake. Finance software controls access to things like food and shelter; that's real lives at stake. Firmware in prosthetics and diabetic injectors and so on and so forth. Software runs the world, we pat ourselves on the back saying, but forget the world is full of real lives.