In an earlier issue I discussed how software packages and data warehousing could provide a significant return on investment as solutions for the Year 2000 problem. James Martin has stated that most of the corporations and governments today are utilizing information technology that was created for the seventies and eighties and if they continue operating this way, they may not survive as entities in the next five years. We need to evaluate all of our processes within our organizations and determine if there is a better way to simplify and make us more responsive in the twenty-first century.
For example, I predict that our government will implement a flat tax or a sales tax based on consumption or a derivative of them by the Year 2000. The benefits and reasons for this are many: 1) Our tax code is based on dates, exclusions, revisions, etc., and there are billions of lines of code to modify; 2) Every citizen would welcome a simple method for calculating taxes each year which would eliminate a significant amount of stress on April 15; 3) The cost of the IRS could be reduced substantially which would help to reduce the deficit; 4) We could reduce the load on our court system by removing potential cases based on the ambiguity of our complex tax laws; and 5) Special interests could be minimized if we had a simplified tax code. In reality, I am sure that this new tax system would still have numerous exclusions that would be instituted as a result of the political nature of government, but it could definitely be a WIN/WIN situation for everyone.
If we can be more creative and innovative with the way we do business in the future, we can definitely minimize the overall cost that has been predicted for the Year 2000.
We are happy to introduce a new monthly column, " Analyst Insight," written by Wayne Eckerson, a consultant for the Patricia Seybold Group.
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