What is Y2K bug and how it was solved?
Malini VK - Infobite Apr 25, 2019

"Year 2000 problem" was considered a millennium bug in computer program codes, where the year in date format was taken only as two digits. MM/DD/YY. So, after Dec 31, 1999, the date format would read Jan 01, 2000 as 01/01/00.
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Computer programs were designed to cut short 4-digit year as 2-digit to save memory space.
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The Y2K bug created havoc among the world nations in the late 1990s, as the computer failure would cause major areas like banking, government operations, insurance etc., would halt.
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Not only the computers running on software programs but all the devices containing computer chips like elevators, medical equipment were believed to be at risk around the world.
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Nearly $300 Billion was spent to upgrade the application programs accordingly.
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The collective effort was a success and Jan 01, 2000 were born with a relief.
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There were accusations that the threat was exaggerated from the beginning. But the computer experts proved the destructive effects of Y2K bug was real and rectified with utmost effort.