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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Rich Dee who wrote (7538)	11/4/1997 11:57:00 AM
From: ThirdEye	Read Replies (1) \| Respond to of 13949

Results of informal survey conducted by Thinking Tools at the SPG conference SF, 9/29/97 Year 2000 Leadership Survey Results Thinking Tools conducted an informal, anonymous Year 2000 Leadership Survey of 277 self-selected business professionals attending the Year 2000 Conference & Expo, in San Francisco, September 29 - October 1, 1997. More than half of the respondents were information technology professionals. The remainder were Year 2000 consultants, executive managers, business risk managers, auditors, professionals in finance, or other individuals involved with their organization's Year 2000 efforts. A wide variety of industries were represented. Twenty percent of the individuals were in the banking/financial services industry. Another 16 percent were in computers or software. Other respondents were in manufacturing, government, retail, telecommunications, utilities, health care or other industries. The population surveyed is probably not statistically representative of U.S. businesses. The following is a summary of the responses, based on a percentage of the 277 completed surveys. Show me the graphs instead (116k) 1.ÿ What is your functional area/title? Graph 2%ÿÿÿÿ Auditing 2%ÿÿÿÿ Business Risk Management 7%ÿÿÿÿ Executive Management ((CEO, President, CIO, CFO) 2%ÿÿÿÿ Finance 56%ÿÿ Information Technology 2%ÿÿÿÿ Legal 19%ÿÿ Year 2000 Consultant 10%ÿÿ Other (please specify) ______________________ ÿ 2.ÿ What industry is your organization in? Graph 20%ÿÿÿ Banking/Financial Services 16%ÿÿÿ Computer/Software 13%ÿÿÿ Government 5%ÿÿÿÿÿ Health care 2%ÿÿÿÿÿ Insurance 14%ÿÿÿ Manufacturing 4%ÿÿÿÿÿ Retail 1%ÿÿÿÿÿ Securities 5%ÿÿÿÿÿ Telecommunications 4%ÿÿÿÿÿ Transportation 3%ÿÿÿÿÿ Utilities 13%ÿÿÿ Other (please specify) ___________________ ÿ 3.ÿ Has your organization started a Year 2000 program? Graph 94%ÿÿÿ Yes 5%ÿÿÿÿÿ No 1%ÿÿÿÿÿ Don't know If no, go to question 12. ÿ 4.ÿ From 0% for "Not Started" to 100% for "Completed Testing and Integration", how far along do you estimate your organization is on its total Year 2000 effort? Graph 3%ÿÿÿÿÿ 0% Not Started 13%ÿÿÿ 1 - 9% 28%ÿÿÿ 10 - 19% 19%ÿÿÿ 20 - 29% 12%ÿÿÿ 30 - 39% 8%ÿÿÿÿÿ 40 - 49% 3%ÿÿÿÿÿ 50 - 59% 3%ÿÿÿÿÿ 60 - 69% 2%ÿÿÿÿÿ 0 - 79% 3%ÿÿÿÿÿ 80 - 89% 2%ÿÿÿÿÿ 90 - 99% 1%ÿÿÿÿÿ 100% Completed Testing & Integration 3%ÿÿÿÿÿ Don't know ÿ 5.ÿ On a scale of 1 - 5 (where 1 equals "Not a Priority" and 5 equals the "Highest Priority"), how high a priority is the Year 2000 program within your organization? Graph 4%ÿÿÿÿÿ 1 Not a Priority 9%ÿÿÿÿÿ 2 22%ÿÿÿ 3 35%ÿÿÿ 4 30%ÿÿÿ 5 Highest Priority ÿ 6.ÿ Has your organization established a Year 2000 program office? Graph 78%ÿÿÿ Yes 20%ÿÿÿ No 2%ÿÿÿÿÿ Don't know ÿ 7.ÿ Does your organization have a Year 2000 steering committee? Graph 65%ÿÿÿ Yes 31%ÿÿÿ No 4%ÿÿÿÿÿ Don't know ÿ 8.ÿ Is there executive-level (CEO/CIO/CFO) sponsorship of your organization's Y2K program? Graph 85%ÿÿÿ Yes 11%ÿÿÿ No 4%ÿÿÿÿÿ Don't know ÿ 9.ÿ To what extent does your organization see the Year 2000 as an IT problem versus a business problem (where 1 equals "100% IT Problem" and 5 equals "100% Business Problem")? Graph ÿ 10%ÿÿÿ 1 100% IT Problem 25%ÿÿÿ 2 37%ÿÿÿ 3 16%ÿÿÿ 4 12%ÿÿÿ 5 100% Business Problem ÿ 10.ÿ Does your organization have feedback systems in place within the organization that allow for direct and honest feedback to executive management? Graph 57%ÿÿÿ Yes 28%ÿÿÿ No 15%ÿÿÿ Don't know ÿ 11.ÿ Approximately how much is your organization budgeting for Year 2000-related projects in 1997? Graph 19%ÿÿÿ $0 - $1M 26%ÿÿÿ $1M - $10M 13%ÿÿÿ $10M - $20M 13%ÿÿÿ $20M - $50M 6%ÿÿÿÿÿ $50M - $100M 3%ÿÿÿÿÿ $200M - $500M 1%ÿÿÿÿÿ $500M - $1B 2%ÿÿÿÿÿ $1B+ 17%ÿÿÿ Don't know ÿ 12.ÿ Has your organization ever managed an enterprise wide project similar to the Year 2000? Graph 43%ÿÿÿ Yes 51%ÿÿÿ No 6%ÿÿÿÿÿ Don't know ÿ 13.ÿ Approximately what percentage of the non-year 2000 compliant applications in your organization will be converted or replaced, tested, and integrated in time to avoid any Y2K problems? Graph 2%ÿÿÿÿÿ 0% 3%ÿÿÿÿÿ 1 - 9% 5%ÿÿÿÿÿ 10 - 19% 4%ÿÿÿÿÿ 20 - 29% 6%ÿÿÿÿÿ 30 - 39% 2%ÿÿÿÿÿ 40 - 49% 5%ÿÿÿÿÿ 50 - 59% 4%ÿÿÿÿÿ 60 - 69% 7%ÿÿÿÿÿ 70 - 79% 17%ÿÿÿ 80 - 89% 14%ÿÿÿ 90 - 99% 13%ÿÿÿ 100% 18%ÿÿÿ Don't know ÿ 14.ÿ How much of a risk does the Year 2000 problem currently pose to your organization? Graph 2%ÿÿÿÿÿ No risk at all 6%ÿÿÿÿÿ Minimal risk 24%ÿÿÿ Some risk 51%ÿÿÿ Large risk 11%ÿÿÿ Our organization could fail 6%ÿÿÿÿÿ Don't know ÿ 15.ÿ Do you believe your organization's executive management is aware of the extent of Year 2000 risks to the organization? Graph 61%ÿÿÿ Yes 30%ÿÿÿ No 9%ÿÿÿÿÿ Don't know ÿ 16.ÿ Has your organization experienced any Year 2000 problems to date (e.g., corrupt data, inaccurate reports)? Graph 48%ÿÿÿ Yes 40%ÿÿÿ No 12%ÿÿÿ Don't know ÿ