The Social Security Administration has 30,000,000 lines of code to fix. Four hundred programmers have been working on the problem since 1991, and had only fixed six million lines after five years of effort. The Washington Post
The total cost of fixing the Y2K problem will be between $300 billion and $600 billion worldwide. The Gartner Group
The total cost of Y2K repairs for the U.S. government is estimated to be $3.9 billion. Office of Management and Budget (OMB), who also warned the estimate might be 90% too low
Worldwide economic damage of Y2K will reach $119 billion. When adding the cost of lawsuits, the total cost could be well over $1 trillion. Business Week
The FAA has forty vintage IBM model 3083 mainframes. None are compliant and they cannot be made compliant because the people who designed them are either dead or retired. Announcement by IBM, the maker of the computers (the FAA says they can still make it… bizarre?)
Up to 70% of businesses in Asia will fail outright or experience severe hardship. Phillip Dodd, a Unisys Y2K expert, as quoted in the Bangkok Post
The potential for a deep global recession in 2000 is 70%. Dr. Edward Yardini, the chief economist of Deutsche Morgan Grenfell
General Motors has over 100,000 suppliers worldwide, any one of which can bring their assembly line to a halt.
70% of Chief Information Officers of corporations in America believe their companies will not be compliant in time.
The IRS has over 80,000,000 lines of computer code, running in 88,000 programs on 80 mainframe computers. By the end of 1997, they had fixed 2,000 programs, leaving 86,000 to go. The Washington Post
The United States, with over half of all computer capacity and 60% of Internet assets, is the world's most technology-dependent country. -- GAO report, Sep 3, 1998
Finding and fixing all the Y2K-affected software will require over 700,000 person-years. Capers Jones, head of Software Productivity Research, a firm that tracks programmer productivity
Over a billion embedded chips exist worldwide. An estimated 1% are susceptible to the Y2K bug. Unfortunately, many critical chips are in deep-sea drilling rigs, satellites, or other impossible-to-reach platforms.
Most cars built since 1990 contain over 20 microprocessors.
With just over 500 days left before the new millennium, only 15% of companies and government agencies expect to have their critical systems more than three-quarters tested and compliant for year 2000 by Jan. 1, 1999, according to a study released today by IT services firm Cap Gemini America. Information Week, August 1998
Only 11% of companies in the United States have begun looking at noncompliant chips (embedded systems). Gartner Group research report
Eastern Europe, Russia, India, Pakistan, Southeast Asia, Japan, most of South America, most of the Middle East and central Africa all lag the United States by more than 12 months in their Y2K repairs Gartner Group analyst Lou Marcoccio in his Y2K status report
47% of U.S. companies have no answer to the question, 'What will happen when your embedded systems fail?' Gartner Group research report
As of September 1998, only 23% of U.S. companies had evaluated the effect of Y2K on their supply chain (the interdependency factor…) Gartner Group research report
180 billion lines of software code will have to be screened worldwide. The Gartner Group
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