Social Impacts of Information Technology

Report on the Y2K bug. The structure of the report should be as follows:Introduction – This section will be a brief intro into what exactly was the Y2K bug. Affected Industries – In this section write about exactly which industries were affected and how.  Financial, and Economic Impact – There was a major global financial crisis, and this section will cover exactly that. Provide statistics and numbers (money) that were lost by massive multibillion corporations.  Social Impact – Apart from the financial impacts, there were some social impacts as well which is what this section should cover. Relate these social impacts to technology.  Resolution – In this section you need to write about the solutions that were implemented to fix the bug, how long it took to do so, any internationally agreed upon clauses/requirements (if any) to combat the bug. Looking Into the Future – In this section we will look into how resolving the bug helped improve technological practices/notions, how did it shape the future of previously affected industries, and any major global social/financial gains, losses, or changes that were here to stay. 



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