In a 1997 survey, half the executives we interviewed said Y2K would be a significant problem for their company. Just two years later, fewer than one in five feel that way, while the vast majority now say it will not be a significant problem for their firm. The increased confidence is a result of better understanding about the issue, plus a proactive approach to diagnosing and fixing Y2K glitches. Because we interviewed corporate officers at Fortune 1000 companies, our survey is representative only of large corporations. These big companies tend to have more at stake with Y2K, and more resources to deal with the problem.
Experts warn that many small to medium-sized businesses have yet to address the problem.
One can only hope that as the deadline approaches, they will follow suit.