adj. Describes a software program or other system that can work with dates in the year 2000 and beyond.
Gartner Group, Inc. in Stamford, Conn., estimated that the federal government will spend $ 1.10 per line of code to fix the date-change problem about $ 30 billion overall. And on Jan. 1, 2000, 30% of its systems won’t be year 2000-compliant, Gartner estimated.
Many companies have already experienced some failures while planning for their year 2000 transition. Therefore, many experts would likely advise that companies keep their expectations for the transition loose. A large organization might operate on the premise that it will gain market share or even put its competitors out of business, explains Martin. But if the vendors that company deals with haven’t made their systems year 2000-compliant in time, no one will he able to do business successfully.
It’s often difficult for an IS manager to convince upper management to invest in a huge project with no payback in competitive advantage beyond survival," says Kevin Hickey, vice president of North American operations for Viasoft Inc., a Phoenix company that provides a service for making enterprises "2000 compliant.
It's estimated that to fix the so-called "Year 2000 Problem" will cost businesses about US$600 billion over the next few years. Why all the fuss over what appears to be a simple date change? Many older software programs — especially mainframe-based applications used in banking, insurance, and government — store dates using two-digit numbers for the day, month, and year (e.g., MMDDYY). That's fine for the day and month, but a two-digit year means that 1999 is stored as 99 and 2000 is stored as 00. So January 1, 2000 will appear to the computer as January 1, 1900, and suddenly you'll be very late with your mortgage or loan payments! Fixing this problem requires hiring large teams of programmers to comb every one of the sometimes millions of lines of code in these legacy systems to discover where dates are used, and then to rewrite the code and restructure the underlying databases to handle four-digit years.