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Showing posts from January, 2017

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How it all started In the year 2000, Y2K created fear among many companies. Lots of companies had to spend millions of dollars to correct this issue. IBM which created this code did not provide any root cause solution. But asked companies and clients to fix the code at the application level. And at the same time internet was a new phenomenon with lots of people wanting to have a web page on the Internet. But since the internet was still in its infancy, it could not provide any monetary returns. So there was a dot com collapse. When this was happening in the year 2001, 9/11 happened and shocked the entire world and all the markets collapsed.   Later, then the US government wanted to send a message to other countries, that the US market is very stable and incidents like this would not impact them. So radical approach was used to kick start the economy and also they went after the countries which were involved in attacks, which in turn required billions of dollars. But this inorganic