But, if programming logic misinterprets the two-digit 00 representation of 2000 to be 1900, automated operating systems across the entire breadth of the world’s economy are likely to miscalculate date-sensitive information or simply cease to operate.
One reads in the press about the possibility of catastrophic failures in such vital systems as air traffic control, telecommunications, and the utilities that make up the power grid. Society depends on these vital systems to operate dependably, as it also depends on the financial systems to do likewise. And they are interdependent.