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Technology Stocks : Discuss Year 2000 Issues

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To: John Mansfield who wrote (1780)5/12/1998 4:59:00 PM
From: John Mansfield   of 9818
 
[GARTNER] 'We are afraid that there just will not be enough talent and resources available'

'....
In each case, as these companies hit their Time Horizon to Failure (THF),
normal operations were interrupted and the resources of the enterprise
were thrown in to fight the problem in a crisis mode. Most have handled
these year 2000 problems successfully and have done nothing more than
create a small ripple through the economic structure of the company.

What worries us at the Gartner Group is that as we approach New Year's
Eve 1999, more and more companies will hit their Time Horizon to Failure
on more and more different applications. As result, more and more
business functions within each enterprise will be negatively impacted and
need to be dealt with in a crisis mode. We are afraid that there just will
not be enough talent and resources available, given the amount of time
left, to handle all of the potential failures in a timely fashion. As a result,
companies could lose the ability to process invoices, issue payroll checks,
or collect taxes for an unpredictable amount of time as they wrestle with
each system failure.

...

our research indicates that governmental agencies in the United States --
state, local, and federal -- are generally at about 15 percent complete in
their year 2000 projects, which would place them on the threshold of
entering Level Three on the COMPARE Scale. There are, of course,
some agencies further along than others, however the majority are still far
behind in their work.
Link:
house.gov
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