Make your own free website on Tripod.com
Recommended Resources
Cyberhaven.com Offshore havens, asset protection, global investing and other useful techniques.
The Year 2000 Bookshelf Books to help your evaluate the Y2K problems you face.

Gary North's Y2K Links and Forums - Mirror

Summary and Comments

(feel free to mail this page)


Category: 

Domino_Effect

Date: 

1997-06-29 00:00:00

Subject: 

Importing Corrupt Data, Relying on Noncompliant Suppliers

  Link:

http://www.techweb.com/se/directlink.cgi?IWK19970602S0077

Comment: 

INFORMATIONWEEK (June 2) ran a column by William Ulrich that warned managers that it is not sufficient to be compliant. All those with whom you do business must also be compliant.

"Financial institutions face particularly high risks. Banks and securities firms exchange massive amounts of data with other financial institutions and government agencies. One instance of errant data being passed from one organization to another could infect an entire network with bad information."

"Third-party dependencies in certain industries are a life-and-death matter. Health-care providers rely on electronic data interfaces (EDI) with insurance companies and hospitals. EDI standards still condone the use of two-digit fields that can easily be misinterpreted, with catastrophic results. Other industries could face even greater risks." He mentions airlines and transportation.

Manufacturers are especially vulnerable due to just-in-time procedures. "A supply-chain failure could occur if just one supplier cannot produce a part because of a systems failure. . . . A system failure could result in multiple plant closures and massive layoffs."

Ulrich is the author of THE YEAR 2000 SOFTWARE CRISIS: CHALLENGE OF THE CENTURY (1997).

This, basically, is the heart of the y2k problem. This is why it cannot be solved. Ulrich does not say this, but I do. Anyone who says that this problem can be solved between now and 2000 should offer evidence. Nobody does. Nobody who says that y2k will not be a disaster ever discusses this problem -- the heart of the matter. If you pay a fortune to get compliant, your investment falls to zero value if you import corrupt data.

Link: 

http://www.techweb.com/se/directlink.cgi?IWK19970602S0077

Return to Category: Domino_Effect

Return to Main Categories

Return to Home Page