COMPUTERS AND THE PROBLEM 2000 IN THE BUSINESS WORLD Computers play a huge role in Government, Economy, and Financial affairs. Based on theinformation concerning the year 2000 computer crash project (y2k), people are realizinghow much of the economy depends on computers. The age of electronics and morespecifically, computers, has caused a tremendous shift in the way we do business today. Today, many business people wouldn t be able to function efficiently withoutcommunications as we know it, for example, e-mail or fax-on-demand. We have gotten soaccustomed to the presence of computers and to what they provide, that many of us don tremember what it was like before. This paper will attempt to discuss computers and theirimpact on how we do business, and the problems we will have because of the computerproblem of 2000. In the last decade, businesses have spent \$1 trillion US dollars for technology(Marciano). Now they are looking at a computer crash in the year 2000. The y2k project is a seriousconcern of computer systems to function correctly in the year 2000(Andrews). One mustunderstand the computer systems perform logic functions based on date information tounderstand this major concern. Dates in a computer system are stored as six-digit numeric. These six-digits consist of the last two digits of the calendar year, a two-digitrepresentation of the month, and a two-digit representation of the day. The is theYYMMDD format. What is apparent is that this format omits the first two digits(19) ofthe calendar year. An example of the YYMMDD format for master-card or visa companies and the problemit hold is as follows: Suppose the current date is April 10, 1997 (970410 in YYMMDDformat). The expire date of the credit card is March 31, 1997 (970331). The computerwould logically compare the current date to the expire date: 970410 (current date) - 970331 (expire date) ----------- + 79 The result of this comparison would be that the current date is greater than the expiredate. This would indicate that the credit card is due for renewal. Now, lets assume that the current date is Jan. 2, 2000. In YYMMDD format, this datewould be represented as 000102. If the computer were to logically compare this currentdate to an expire date of Dec. 30, 1999: 000102 (current date) - 991230 (expire date) ----------- -991128 Page 2. This result is less then . This would indicate that the credit card does not need to be renewed for another 100 years. This is the concern that has been referred to as the year 2000 issue. Considering all the