A new study by PricewaterhouseCoopers finds that the majority of companies surveyed are heavily concentrating on Y2K preparedness in areas of investment, staffing and other matters. U.S. businesses with revenues of more than $100 million were included.
In addition, an overwhelming 71 percent of companies said preparing for the new year was the largest information technology (IT) project they had conducted within the past five years.
One of the more positive aspects reported by PWC in the survey is that companies grew closer with their IT functions and departments in areas of understanding and solidifying the role of technology.
In a related story, the White House Office of Management and Budget reports that 99.9 percent of the government's most important systems are Y2K-compliant.