This report indicates just how gigantic the task is. The average company must allocate over $14 million and 130 man-years to solving y2k. That means the average company everywhere in the industrial world. Plus governments.
Where will all of the average companies get enough programmers? If 70% of the IT (Information Technology) departments' resources must be devoted to y2k repairs, how will the departments run their existing operations? Where will they get the excess mainframe capacity? Where is there any company or organization today that is allocating 70% of its IT resources to y2k?
At this late date, firms will need above-average programmers. Where will they get them? I know. From Lake Woebegone Y2K Programmers, Inc.
This is from INTERNETWEEK (Feb. 23).
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Although awareness of the situation-even among mainstream audiences-has dramatically increased, the magnitude of this event from both a technological and business perspective is only now being realized.
GartnerMeasurement's Applications Development and Support benchmark database finds that a typical IT organization will commit more than 70 percent of its money and human capital to resolve Year 2000 issues. Never before has software's importance to business operations, or its vulnerability, been so vitally underscored.
In addition, the problem will not go away, and no silver bullet will emerge to save the day. Worse than that, most enterprises will have to inject substantial funding to finish the job after all the "borrowed" discretionary budget sources are exhausted.
Based on our latest research, the average company should expect to spend $14.5 million to deal with the software it maintains-as opposed to packaged software that application vendors maintain. Additionally, businesses should plan to allocate nearly 130 person-years of effort to manage, correct, test and reinstall affected applications. The typical client in our database represents a shop with 179 developers, spending an average of $20 million per year.