Survey Finds Firms Unprepared For Y2K

Jan. 13, 2005
A recent survey of information technology directors and managers of 144 major U.S. corporations found that less than half of the participants expect all of their critical systems to be prepared for the upcoming century date change. The survey was ...

A recent survey of information technology directors and managers of 144 major U.S. corporations found that less than half of the participants expect all of their critical systems to be prepared for the upcoming century date change. The survey was conducted by Rubin Systems Inc. for Cap Gemini America Inc. Eighteen percent of companies expect that 75% or less of their critical systems will be "completely tested and compliant" by Dec. 31, 1999. Thirty-six percent expect between 76% and 99% of their applications to be ready for next year, and 2% anticipate completing work on 50% or less of their systems. Seventy-five percent of respondents already have experienced a year 2000 failure. The most frequent failures involved "financial miscalculation or loss" (92%), followed by "processing disruptions" (84%), "customer-service problems" (38%), and "logistics/supply-chain problems" (34%). Ninety-nine percent of respondents anticipate an increase in system failures into the remainder of 1999 and beyond.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!