How much did Y2K remediation cost?
• As noted in Q1 above, substantial economies were realized by coding old systems as non-compliant. These savings, taken over the lengthy life of the old systems, more than outweighed the cost of Y2K remediation. • A large part of the money allegedly spent on Y2K remediation was actually used to: • Enhance old systems in ways unrelated to Y2K. • Create improved test environments and test procedures. • Develop new, improved systems to replace old ones (at a cost far greater than simply making the old systems Y2K compliant). top Q3: What did The President’s Council on Year 2000 Conversion do? A: Nothing particularly useful, that’s for sure. In the private sector, businesses took action because they wanted to remain in business past December 31, 1999. Well, DUH. They didn’t need advice or help from officious bureaucrats. top Q4: Why did so many experts predict disaster? A: The “experts” who predicted disaster were not experts — at least not experts in systems science, cybernetics, or any
