Y2K vis-a-vis IT Debt
Andrew Dailey of MGI Research and Andy Kyte of Gartner Group kindly did some digging for me on the total amount of money that was spent on Y2K. Here is the bottom line from Andy concluding our email thread on the subject of Y2K expenditures:
I have remained comfortable with our estimate of $300B to $600B.
In other words, it will take an effort comparable to the Y2K effort at the turn of the century to ‘pay back’ the current IT Debt.
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