This level indicates that a complete inventory of technology and business processes has been taken, and preliminary costs and resources have been determined. Achieving this level indicates that mission-critical systems have been identified, and a detailed understanding of remediation strategies and needed resources have been identified and committed for that technology. At this level, mission-critical technology has been remediated from year 2000 risk. The data is comprised of three surveys of more than 1,100 companies worldwide. The data gathered supports the geographical differences and size of company differences related to expected status.
Smaller companies are farther behind and several countries are leading in compliancy efforts.
The results, given our discussions above, are rather disconcerting. Unfortunately, while a significant percent of organizations worldwide believe themselves to be well into their year 2000 efforts, neither our independent research, nor our inquiry conduit into our client base, would indicate that this is so. This dichotomy of what really is vs. what organizations wish were true is not necessarily surprising, but must be overcome quickly. The year 2000 is likely to have a greater impact on the global environment than first imagined. Management, according to legal experts, will be held personally responsible for the crisis, since the threat is generally known and understood now, while there is still time to address the solution.