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1998-04-07 14:53:48


90% Say Y2K Is a Crisis



This report from the Information Technology Association of America indicates that programmers are concerned about y2k as a system-wide problem but confident that they can solve it for individual firms.

Some 44% have already experienced y2k-related problems.

Pessimism reigns supreme -- not my degree of pessimism, but pessimism. The public is unaware of any of this.

This is from INFORMATION WEEK (March 30).

* * * * * *

Two recent independent surveys found few skeptics of the year 2000 crisis. Among 450 IT managers surveyed by the Information Technology Association of America, 94% agreed that the year 2000 computer problem is a crisis. While most feel "reasonably confident" they will succeed with their year 2000 projects, 44% reported that they have already experienced year 2000 problems in their operations, and 93% said their companies are likely to be hurt if their computer systems are not made year 2000-compliant. Some 22% expect to see problems by the first quarter of 1999, with 17% expecting trouble in the fourth quarter of 1999.

A similar bleak outlook was reported by 227 members of the Y2K Group, a Washington user group for year 2000 project managers at federal agencies, the armed forces, and businesses. Asked to rate the seriousness of the year 2000 problem, 83% said they expect the Dow Jones Industrial Average to fall 20%; more than half said the crisis will cause at least a mild recession; one-third predicted there will be a strong recession; and 11% said they expect a depression, according to Bruce Webster, the group's chairman.


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