A typical 500-person company will need to invest 467 days and more than #500,000 to resolve its PC related Y2K problems - and time is running out.
This stark warning was issued yesterday, the day the world began to count 500 days until the new millennium.
According to a study published by the Alpine Report, there is still time for small and medium sized organisations to protect themselves, but the margin for error is perilously small.
Said Karl Feilder, president of Y2K software firm, Greenwich Mean Time, which conducted the survey: "Not enough smaller business are taking sufficient proactive steps to be ready for 2000. The real message communicated by the report is that there is time to resolve the problem. But business owners must do it now. Procrastination will be very expensive."
He continued: "It's pure myth that the bulk of the cost of Year 2000 readiness is due to hardware problems. Less than one per cent is spent there. Based on our real world testing, 21 per cent of the cost is spent on software issues, 77 per cent goes to resolve data issues."
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