bad news--75% of companies have ALREADY had y2k problems. Good news--only 2% etc etc.greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
(Online News, 08/11/99 01:45 PM)
Survey: 75% of U.S. companies have already had Y2K failures By Thomas Hoffman
First, the bad news: Three-quarters of U.S. companies have already experienced year 2000-related failures, according to an ongoing survey of information technology executives at 161 companies and government agencies.
The good news is that only 2% of those companies polled have actually suffered business disruptions because of those glitches, as they were able to either fix the problems quickly or enact workarounds, the survey found. Looking ahead, that could be a positive harbinger of what might occur early next year.
"The key is what will the volume [of problems] be and can they be fixed quickly," said Jim Woodward, senior vice president of Cap Gemini America Inc. in New York, which has been conducting the survey with Pound Ridge, N.Y.-based Rubin Systems Inc. since 1997.
Among the Y2K failures that have occurred, 92% involved financial miscalculations or losses, 84% caused processing disruptions, 38% led to customer service problems and 34% were supply-chain or logistics breakdowns.
Few of the failures have been visible because they haven't caused significant business disruptions, and companies "don't have a lot of reasons to make them public," Woodward said.
Still, the survey results highlight other concerns. Only 48% of the organizations polled expect to have all their mission-critical systems prepared, and 16% don't expect at least half of their most important systems to be ready.
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Copyright ) 1999 Computerworld, Inc. All rights reserved. Legal notices and trademark attributions
-- Al K. Lloyd (firstname.lastname@example.org), August 12, 1999
what about all of us on PC's contributing to this issue. I think the end user has been very overlooked when it comes to Y2k, sure the huge e-commerce companies may be compliant but if the end user has crashed, who will be buying? My schtick is to get us compliant and the best program we've seen is easy and comprehensive.. here is the link www.ttechnology.com/y2ktimebomb It's up to us, we created the problem,. it's not God's responsibility to fix it, IT"S OURS
-- IT'S UP TO uS (email@example.com), August 12, 1999.
Hey you made a post without a preface about INVAR and others.
-- Johnny (JLJTM@BELLSOUTH.NET), August 12, 1999.
Another article on the Cap Gemini America survey:
[Fair Use: For Educational/Research Purposes Only]
Year 2000 Wire/Fewer Than Half of Major Firms Anticipate Full Year 2000 Compliance in Critical Systems by Year's End
07:37 a.m. Aug 10, 1999 Eastern
NEW YORK--(BUSINESS WIRE)--Aug. 10, 1999--
Three-Quarters Have Experienced a Year 2000-Related Failure
Firming Their Grip on Year 2000 Problem Solving, More Top Managers Plan to Run Millennium Crisis Centers
Fewer than half of America's largest companies (48 percent) expect all of their critical systems to be prepared for the Year 2000, according to a new survey by Cap Gemini America, Inc., an information technology and management consulting leader.
One in five companies (18 percent) expect that 75 percent or less of their critical systems will be "completely tested and compliant" by December 31, 1999. Thirty-six percent expect between 76 and 99 percent of their applications to be ready for Year 2000, and two percent anticipate completing work on 50 percent or less of their systems.
Three-quarters (75 percent) of respondents have experienced a "Year 2000-related failure," up slightly from 72 percent last quarter. Fifty-five percent reported such errors last December. The most frequent failures involved "financial miscalculation or loss" (92 percent), followed by "processing disruptions" (84 percent), "customer service problems" (38 percent) and "logistics/supply chain problems" (34 percent). Two percent reported Year 2000-related "business disruptions." Virtually every respondent (99 percent) anticipates "an increase in systems failures into the remainder of 1999 and beyond."
The Cap Gemini America survey also finds corporate management strengthening its hand on a number of fronts to protect business from Year 2000-related damage.
"With full readiness beyond the reach of many leading firms, responsibility for Year 2000 management has passed from the hands of the CIO into the hands of the CEO," said Jim Woodward, senior vice president of Cap Gemini America and head of its TransMillennium(TM) Services group. "The time has finally arrived when top management views the Year 2000 challenge as a business problem and not merely a technology problem."
According to the Cap Gemini America report, the percentage of top managers planning to take charge of Year 2000 "crisis management centers" rose from 62 percent in May to 84 percent - an increase of 35 percent. Such centers - dedicated to addressing potential problems relating to the millennium date change - are now planned by 96 percent of respondents, up from 85 percent last quarter. All respondents report an increased focus on business continuity efforts over the last quarter.
Business management is bolstering its Year 2000 role in other ways besides taking charge of crisis command posts. The percentage of major corporations now "potentially likely" or "very likely" to sever ties with non-Year 2000-compliant suppliers of services and products rose from 87 percent to 92 percent over the past quarter. Firms "very likely" to stop doing business with non-compliant partners leaped from 21 percent to 36 percent since May -- a 41 percent increase. The proportion of top managers content to delegate Year 2000 contingency planning to information technology (IT) departments has shrunk from 35 percent last October to 12 percent -- a 64 percent decline. And large firms are now universally willing to participate in joint Year 2000 command centers within their industry, in command posts crossing industry lines, and in global, cross-industry, crisis centers.
Independent verification and validation (IV&V) - the process used to check the quality of renovated code - has emerged as standard industry practice, the Cap Gemini America survey shows. Nearly nine of ten major firms (89 percent) rank their need for IV&V services as "high," a 71 percent rate of increase from 52 percent last December.
"Many firms handled much of their Year 2000 work in-house, and now recognize that their results need outside verification," said Woodward. "IT executives want to show top management that the job was done right."
The survey, one of the longest-running corporate polls to systematically monitor Year 2000 preparedness, includes responses from information technology directors and managers of 144 major U.S. corporations across all major industrial sectors and 17 federal, state, and local government agencies. It is carried out by Rubin Systems, Inc. for Cap Gemini America.
In spite of the persistent incidence of Year 2000 failures, IT managers of the nation's largest corporations report improved performance in meeting Year 2000 deadlines. While 92 had reported increases in "milestone slippage" both in December and May, only 81 percent are now experiencing an accelerated incidence of missed deadlines.
A growing proportion of corporate America views Year 2000 readiness as a competitive advantage. The percentage of firms likely to incorporate Year 2000 compliance into their marketing messages has increased since December from 65 percent to 89 percent.
-- Linkmeister (firstname.lastname@example.org), August 12, 1999.
Once again, only 48% will finish, but 89% will MARKET themselves as compliant???
If THAT isn't a DECEPTIVE PRACTICE, then I don't know what one is!
-- K. Stevens (kstevens@It's ALL going away in January.com), August 12, 1999.
Once again, only 48% will finish, but 89% will MARKET themselves as compliant???
If THAT isn't a DECEPTIVE PRACTICE, then I dn't know what one is!
-- K. Stevens (dkstevens@It's ALL going AWAY in January.com), August 12, 1999.
How do companies manage now with Y2K failures if their mission critical are not even close to being done? Work arounds, manageable IT problems, old fashioned common sense? If these mission critical computers are somehow handling y2k problems for businesses but they are only 45% done, how will a company survive Y2K failures when mission critical computers are in the 90% compliant range?
Of course though that won't sell 10 years of preps for people and weapons to kill everyone that goes within 500 yards of your property.
-- MrWayCool (email@example.com), August 12, 1999.
This is my view of this thread.
The reported problems are mostly JAE type which primarily affects management and government reports, and not the mission critical systems which move the food, pay the bills, and keep the factory humming. If Computerworld is accurate, the JAE has hit more companies that expected.
The systems that will fail, reported as not Y2K compliant, will not be Y2K compliant, are the systems that cannot be fixed in, oh, 2 or 3 hours. If they were of that type, they would be fixed now. When these systems fail, the enterprise will fail with them.
I know our polly-pals don't want to face reality but I'll give it one last attempt. Please Pollies, read the ComputerWorld piece and think, think pollies, about how you all said there were no early failures.
The JAE failures certainly happened but what's the result of misplaced transaction to a monthly balance sheet? Odd, the boss says, we might be losing some money, at least that's what's on the report.
It's like the difference between "Staff Officers" and "Line Officers". We're experiencing problems that's like half of the "Staff Officers" taking an afternoon off but spread out over several months.
In 141 days, more than half of our "Line Officers" will be in intensive care, on the same day.
Does this help?
-- cory (kiyoinc@ibm.XOUT.net), August 12, 1999.