/>
X
Business

Y2K's long tail

When the clocks hit midnight on January 1, 2000 and nothing happened, some cynics wondered if all the prep work and excitement around Y2K was a waste of time and money. However, Federal Reserve Chairman Alan Greenspan has just pointed out that the Y2K preparations were very instrumental in helping organizations and economy weather the impact of the September 11th attacks in 2001.
joe-mckendrick.jpg
Written by Joe McKendrick, Contributing Writer on

When the clocks hit midnight on January 1, 2000 and nothing happened, some cynics wondered if all the prep work and excitement around Y2K was a waste of time and money.

However, Federal Reserve Chairman Alan Greenspan has just pointed out that the Y2K preparations were very instrumental in helping organizations and economy weather the impact of the September 11th attacks in 2001. The understanding we gained about effectively distributing and leveraging our IT assets continues to help our efforts to build robust and sustainable architectures. Perhaps some of that money was well spent. And our computers don't think its 1905.


Editorial standards

Related

How to use your phone to diagnose your car's 'check engine' light
BlueDriver Bluetooth dongle

How to use your phone to diagnose your car's 'check engine' light

Hackers are finding ways around multi-factor authentication. Here's what to watch for
a-man-looking-at-his-smartphone-while-sitting-at-a-computer-in-his-home-office

Hackers are finding ways around multi-factor authentication. Here's what to watch for

Elon Musk drops details about Tesla's humanoid robot
tesla-humanoid

Elon Musk drops details about Tesla's humanoid robot