Has the "double digit demon" spawned complacency?

Since the Y2K media hullabaloo that greeted the New Year subsided a few months ago, the “conventional wisdom” has been that the problem is pretty well under control in North America. We can expect some minor glitches in computer operated systems, and should be careful with any dealings with less developed countries (i.e. some foreign airlines), but everything is pretty well under control, right?

Not so fast, says a major research and analysis consulting firm studying Y2K readiness efforts. According to Triaxsys Research LLC, many of the “Fortune 1000” companies have made great progress in beating the millennium bug, but “too many laggards appear to be in serious jeopardy.”

Triaxsys looked at how much of their Y2K budgets companies have already spent, and found some interesting results. Among the companies showing least progress (as measured by percentage of total budget spent) are 3Com Corporation (7%), Tele-Communications Inc. (10%), Sun Microsystems Inc. (14%), Union Carbide Corp. (20%), and ConAgra Inc. (26%). Many companies have made less than 40% progress toward completion, and Y2K day is just over six months away.

“We’re fairly confident that the 231 companieover 60% will achieve Year 2000 compliance,” said Marta Pierpoint, vice president of Triasxys, “but 241 companies have made only 41% to 60% progress, and 175 companies are at or below 40% — these need to be watched carefully as they have a great deal of work to do in a short time.”

What does this all mean? As the great baseball orator (and inspiration for a cartoon character) Yogi Berra once said, it ain’t over till it’s over.