Think about those digitally connected the entire global economy is. Shouldn't you have seen to it that action was taken to mitigate these threats. And if you think your information systems department is taking care of it, don't count on it. Denial and procrastination turned a few billion dollar saving and loan problem into a hundred billion dollar plus saving and loan crisis. Likewise, most of Europe was conquered before the world got serious about restraining the Nazis.
Some estimates are proffered, but no one really knows the overall cost or magnitude.
And yet, this is probably the most complicated, comprehensive, and costly project most organizations have ever faced. The global economic implications of this are profound. Given the scope of the effort required and the non-negotiable deadline, now is the time for action. An unprecedented degree of cooperation, communication, collaboration, and commitment, both within and among organizations, will be required to succeed. There is still time to mitigate most of the crisis potential out of this year 2000 date problem.