1998 - Y2K Compliance
During Y2K, IT professionals made an unconscious decision to embrace philosophical change within their industry with the creation of new roles and disciplines, and by embracing Y2K compliance. These changes upset the power dynamic that had previously existed between society and this technological field. An authoritarian influence was now firmly in place, the IT corporations and overseeing government compliance departments had the jurisdiction to inflict pain on small business through legislation, and the withdrawal of employment and project tendering opportunities.
Information technology was an unknown science to most of the population, and the IT industry is seen as having used its spokespeople at this time to spread fear to the masses from a privileged position.
“Y2K could lead to $1.1 trillion in damages worldwide, with the U.S. cost estimated at $115 billion, not including legal and insurance costs.”
- Nick Gogerty, London-based International Monitoring Analyst in October 1999 (Computerworld Staff 2000a)
Y2K compliance found its way into the legal sector and spared little time in conveying to its client’s potential liability and legal issues that could arise from the millennium date change in regard to insurance, copyright, contracts, mergers and acquisitions.
Our curator has recorded an audio narration to accompany our next artefact, 'Beating the Millennium Bug' journal article by Linda Kaucher, on behalf of The Australian Jewish News.