Fourteen years ago, tech experts predicted that the Y2K bug would create a number of problems for computers, computer networks and other electronic devices.
According to Encyclopedia Britannica, as much as $300 billion was spent to upgrade computers and programs to be Y2K-compliant.
When very little came of the so-called Millennium Bug, many began to wonder if the threat had been exaggerated. Did corporations and governments around the world spend billions of dollars for nothing?
Maybe -- maybe not. There have been several instances where apps and software were crippled by hacks, glitches and other unexpected issues.
Perhaps if their respective developers had put a little more time and effort into their products, these things wouldn't have occurred.
Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis(at)benzingapro(dot)com. Follow him @LouisBedigianBZ
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this slideshow.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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