Why Brexit Is Not Like Y2K In Driving Technology Change

This article was written in collaboration with Deloitte. While chatting with some non-technology colleagues recently, I learned many believe Brexit may drive a level of technology change within organizations comparable to the Y2K bug in the late 1990s. The high level of technology replacement for Y2K (or the Millennium Bug, as it was also called) was driven by the risk that many systems would simply quit operating at midnight on 1 January 2000. There was a significant degree of nervousness, grounded partially in commercial reality but short of some of the wilder predictions, like that planes might fall out of the sky. Organizations had to make significant preparations for the "worst case scenario" to protect themselves from the most disruptive potential outcomes.