For all the real threats, negative press, doomsday forecasts — and ultimately disappointment — posed by the Y2K Bug, certain aspects had rarely been discussed. These are the windfall that The Bug entailed for systems programmers and consultants, how that windfall had been reflected on the global economy, and the effect of The Bug suddenly becoming a non-issue. In light of the dramatic drops we have seen in our global markets, perhaps it is worthwhile to consider these issues more carefully.
Maintaining, transforming and recreating systems while keeping them on-line had been a tremendous feat. For many countries, tackling the Y2K Bug served as an opportunity to substantially boost employment, shore up the economy, and showcase the latest in systems development technology and strategy.
But what now? The crisis no longer exists and the teams, task forces and consultants have been disbanded. What effect does this demobilization have on global economies? Indeed this threat looms nearly as large as the Y2K Bug itself! Simply put, we need to recognize to what extent the Y2K Bug has been the source of our good fortune. We surely needed to fix the problems introduced by The Bug — but in the process, we must not walk away from the economic powerhouse we have developed!
The advent of the new millenium presents us with a golden opportunity. This opportunity is not represented by the number '2000'. Nor is it represented by '00'. It is represented, simply, by '0'. When correcting systems that have to make the transition from 1999 to 2000, we had no choice but to adjust the systems so that they could deal with a four-digit year. But for new systems that don't have to look to the past, we can employ a single-digit designation, thereby assuring that the economic infrastructures we have developed in order to guard against the dangers of Y2K will be applicable for years to come — ten years, to be exact.
Y-10 Bug Implementation Manager