Survey: U.S. Corporations Don't Fear Y2K

A new survey of 156 major U.S. corporations has found that most believe that "no significant business risk" will arise as their computer systems roll over to the new millennium. Conducted by Rubin Systems Inc. for Cap Gemini America, the survey was completed by information technology directors and managers. Fifty-six percent of respondents expect their critical systems to be compliant by year's end, up from 48% in August. Eighty-two percent of the respondents do not expect non-compliant systems to pose a "significant business risk." Only 12% reported that non-compliance does pose such a risk, and 6% said they are not sure of the potential impact. Year 2000 work has "inhibited progress" in a number of IT initiative areas, according to the survey. Eighty-two percent of survey respondents have deferred projects in the area of enterprise resource planning. The survey also found that the percentage of top corporate managers planning to take charge of Year 2000 crisis management centers rose from 62% in May to 88%. Such command centers are now planned by 98% of the nation's largest corporations.