Will the Millennium Bug Cause Widespread Chaos?

The transcript discusses the potential impacts of the Millennium Bug, a computer issue where systems recognize the year 2000 as 1900 due to two-digit date storage. This could lead to widespread technological failures affecting daily life, businesses, and global systems. Despite warnings, many companies are unprepared, risking financial crises and operational disruptions. The transcript emphasizes the need for compliance and highlights the global scale of the problem, urging immediate action to prevent severe consequences.

What issues did the Millennium bug cause for alarm systems across the world?

How did the Millennium bug affect financial institutions globally?

What was the main reason for the chaos in traffic systems due to the Millennium bug?

What were the consequences of the Millennium bug on air travel?

What steps did experts suggest to prevent issues related to the Millennium bug?