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IT Survey Foresees Global Y2k CrisisInformation technology (IT) professionals are very concerned about the Year 2000 bug, according to a survey conducted by the INFORMATION TECHNOLOGY ASSOCIATION OF AMERICA (ITAA) in December 1998. The poll was directed at the 11,000 direct and affiliate members "from America's largest corporations to the entrepreneurs building the blockbuster IT companies of the future."
Eight-seven percent of survey respondents said the Year 2000 problem is a crisis for the nation and the world;
52 percent think the millennium bug will hurt their companies; and only 21 percent disagree with this notion.
Over one-third said the bug had already started to bite, triggering failures under actual operating conditions.
Other notable components of the survey include:
- 71 percent of respondents indicating their companies have experienced Year 2000 system failures under simulated or test conditions;
- 71 percent are performing contingency planning as a top priority, while only three respondents had actually completed the contingency planning process;
- only 18 percent of these organizations have a full-time contingency appointed executive;
- 44 percent of respondents will stop doing business with non-compliant suppliers but half of those will assist those suppliers who are not compliant in the event they need help;
- 35 percent of those surveyed are stockpiling critical materials; and
- 66 percent are planning manual procedures to override computer system failures.
Perhaps the most striking result of the survey is that only 19 percent believe their local communities are taking adequate steps to prepare for Y2K contingencies.
From: Dr. Ed Yardeni's Y2K Reporter, April 12th, 1999; and
New Heaven New Earth
-- Bill (billdale@lakesnet.net), April 18, 1999