- Concern was expressed that many industries (eg electricity, transport or financial) and government work would stop functioning at midnight on 1 January 2000.
- People began to fear that the processing and processing of dates and times after December 31, 1999 would be wrong.
Meaning of Y2K:-
- Y means 'Year', and
- K means 'one thousand'. Hence, 2K means 'two thousand' (2000).
- With all four digits; Such as 2002, 2016 etc., and
- With the latter two-digits only; Such as ‘02,’ 16 etc.
- The cost of 1 KB of storage started at around ₹ 750 ($ 10), which was sometimes ₹ 7,500 / KB or more.
- Today, 1,07,37,41,824 KB (1 TB) of storage can be purchased for less than ₹ 7,500 !!. IBM 1401, a popular business computer model of IBM, provided only 2 KB of storage (1 MB contains 1024 KB).
- YY for two digits year,
- MM took two digits of the month, and
- DD for double digits of the day.
1. Date expansion:
2. Date compression
3. Date re-partitioning:
- For example - 0999 is shown as 099 and 2001 as 101.
- For example, 002 is shown on 2 January and 223 is shown on 12 August.
5. Software kits:
Beneficial for india
- The United States looked for employees to fix the problem, leaving India with the opportunity to provide the most engineers.
- While the IT sector in India contributed 1.2% to GDP in 1998, it is now currently contributing 7.7%.
- A bug that put most countries in crisis proved an opportunity for India.
- Y2K had a significant impact on the computer industry.
- Contrary to expectations, the year 2000 saw no major computer failure.
- The total cost of the work done in preparation for Y2K exceeded $ 445 billion (about ₹ 337 trillion).
- Companies and organizations around the world had to test their computer systems to avoid this bug, and had to upgrade.
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