Benefits of Y2K
- In the late 50's and early 60's, when many of today's general accounting and core business systems were designed and programmed, a major constraint was the number of characters which could be recorded on an 80-column punched card. This physical limitation led us to record dates with only 2 digits representing the year to save precious space. This limitation was eliminated by disk storage when it became widely available in the early 60's.