Y2K bug was a clicking time bomb for all major computer applications. The computer and system application companies came out with year 2000 compliant operating systems and system software. IT companies around the world spent billions of dollars to go through their entire application source code to look for the Y2K bug and fix it. Almost everybody raced around to make themselves Y2K compliant before the fast approaching deadline. Finally when the big day came, many utilities and other companies switched off their main computers and put the backup computers on work. When the clock ticked Jan 1, 2000, no major problems were reported. Almost every bank worked fine, no major power outages were reported, airplanes still flew and the whole world went on with its normal life.
What if the danger of Y2k was not taken seriously and on the first day of the new year, all computer systems went haywire? Where would we be now, 7 years on?