As the year-2000 problem grabs many of the technology headlines, a quieter and more dangerous crisis is looming: Most technology investments are not paying off.

The banking industry spent about $20 billion on technology in 1998, yet statistics for corporate America indicate that 80% of technology projects will come in late and over budget and 70% of new software will fail in some way upon deployment.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.