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The Year 2000 Problem - Online Term Paper

The Year 2000 Problem

, also known as the Y2k Problem or Millennium Bug, refers to the inability of computers to accurately process dates in the year 2000 and beyond. On New Year's day, 2000, millions of computer calendars will read the date as 01/01/00. The obvious problem with this is that the year 2000 will be interpreted as 1900. Millions of software applications will either stop working or produce erroneous results. This problem is embedded in millions of aging software applications, thus affecting computers worldwide. This occurs because many software applications use only a year's last two digits, while assuming that the first two digits are "19". Software applications that generate date dependent ...

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of computers world-wide. It not only affects calculations for interest rates, inventories, or insurance policies, but every major aspect of our modern economic infrastructure. Government agencies, businesses, and financial institutions use software applications that contain date computation functions. The following types of organizations would be affected: utilities, transportation, manufacturing, banking, finance, defense, education, healthcare, and government agencies. Should the computer systems of these organizations fail, have you ever stopped to think of the economic effects this may have on our modern economies? The lifeblood of our modern economies run on information and computers are essential to the flow of information. According to Dr. Edward Yardeni, a chief economist for Deutsche Morgan Grenfell, "The problem will be a disruption of the information flow. Even if only 10% of the world's computers are not synchronized to register the year 2000, many computer ...

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The Year 2000 Problem. (2005, December 25). Retrieved January 22, 2025, from http://www.essayworld.com/essays/The-Year-2000-Problem/38601

"The Year 2000 Problem." Essayworld.com. Essayworld.com, 25 Dec. 2005. Web. 22 Jan. 2025. <http://www.essayworld.com/essays/The-Year-2000-Problem/38601>

"The Year 2000 Problem." Essayworld.com. December 25, 2005. Accessed January 22, 2025. http://www.essayworld.com/essays/The-Year-2000-Problem/38601.

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PAPER DETAILS

Added: 12/25/2005 11:35:40 PM
Category: Computers
Type: Free Paper
Words: 852
Pages: 4

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