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Saturday, 1 January, 2000, 10:48 GMT
Y2K bug fails to bite
The world has welcomed the new millennium without suffering any major millennium bug problems - at least so far.
The remarkable lack of problems amazed even those who were confident of a successful date rollover into the new millennium. "I would say I'm pleasantly surprised," said US Y2K trouble-shooter, John Koskinen. The only potentially worrying events occurred at nuclear power plants in Japan. Radiation-monitoring equipment in Ishikawa failed at midnight but officials said there was no risk to the public. Alarms had sounded at another plant at the same time but no problems were found.
The global preparations for the millennium bug are estimated to have cost between $300 and $600bn and already questions have been asked as to whether this was necessary. Worthwhile investment "One of the questions you've begun to see surface is, 'well, has this all been hype?'" said John Koskinen, the US Y2K trouble-shooter. The answer is no, he said, adding that preparing for Y2K had been "the biggest management challenge the world has had in 50 years."
Basil Logan is chairman of the Y2K Readiness Commission in New Zealand, the first industrialised country to see in the new millennium. He said: "New Zealand's investment in planning and preparation has paid off." And in South Africa, the director-general of the government department overseeing South Africa's Y2K programme, Zam Titus, said: "Months of intensive preparations have paid off so far." Matt Hotle, of the US technology consultants Gartner Group, agreed: "The reason we're in the position we're in is because we spent that money. Had we not spent this money, we would be facing worldwide calamity." Not over yet But despite the seemingly smooth transition into the 21st Century, experts are warning that there may still be problems ahead. Any damage from the millennium bug need not be restricted to the moment the date rolls over, but could occur any time a computer mistakenly reads a year 2000 date.
When offices begin to re-open and computers are turned back on, problems may start to appear. "We do expect to see glitches, headaches, hiccups in the systems that support business, some of the accounting and billing systems, so these will create inconveniences next week," Bruce McConnell, director of the International Y2K Co-operation Centre, said in Washington.
"Most Y2K errors are pretty dull," he said. "A program stops working or it makes a bad calculation. None of this means planes falling out of the sky or nuclear meltdowns."
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01 Jan 00 | Business
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31 Dec 99 | Asia-Pacific
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