Heard a news report this morning with some rather large numbers
that folks are spending on Y2K. Didn't scribble fast enough to
catch them all, but one that I caught was that Citibank estimates
spending 800-900 million dollars to fix their Y2K problems.
I wonder what it would cost to rip out their entire computing infrastructure
and start over. After all, $350K now buys you a supercomputer, *if* you
use the latest available technology.
Let's see: pessimistically assume every person in the US (275 X 10^6)
has 10 Citibank cards and uses them 10 times a day; that's 27.5 billion
transactions a day. Figure each transaction requires storing 1K byte,
that means a year's worth of data takes up only about 10 Tbytes of storage.
CPU cycles? Hard to say, but for crying out loud, we're talking
bookkeeping here, not plasma modeling or weather prediction.
Yes, I know they do more than credit cards -- I'm a customer, and they
take the time to tell me every month in my bill about all the other
things that they do. But even multiplying all the numbers above
(which are already inflated) by another order-of-magnitude or two
still yields a problem those solution, it seems to me ought to come
in well below the $100M mark.
They'd never do it, of course, but I'd love to take on this job
with a proviso in the contract that I get half the savings off
their current projected budget. ;-)
---Rsk
Rich Kulawiec
[EMAIL PROTECTED]
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