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Summary and Comments

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Category: 

Too_Late

Date: 

1998-05-01 17:08:34

Subject: 

Only 10% of U.S. Businesses Have Completed Half the Remediation

  Link:

http://www.amcity.com/milwaukee/stories/042098/smallb1.html

Comment: 

Very few U.S. businesses are taking y2k seriously.

The general estimate is that anywhere from 40% to 70% of a y2k repair project is testing. An organization that is half way through its remediation work is about 20% to 30% completed, assuming no disaster takes place during testing. But no one can safely assume this.

How can any programmer be confident that the remediation job is 50% completed? Social Security programmers thought they were 80% completed. Then they discovered another 33 million lines of code, doubling their overall task.

This is from the Milwaukee BUSINESS JOURNAL (April 20).

* * * * * * * *

While some companies are taking steps to fix the problem, others haven't done anything yet. According to J&H Marsh & McLennan, only about 10 percent of all U.S. companies have completed half of their Year 2000 remediation work, and many haven't even assessed their exposures.

The problem is, no one will know who has -- and who hasn't -- repaired the problem until Jan. 1, 2000. That could lead to customers suing companies, and companies suing suppliers, and suppliers suing consultants.

"It's beyond the wildest visions of anyone, the amount of litigation that will happen," said Ross Kodner, president of MicroLaw Inc., a Milwaukee computer consultant to law firms.

Link: 

http://www.amcity.com/milwaukee/stories/042098/smallb1.html

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