Lessons from a global information technology outage

As organisations worldwide found themselves paralysed last week, it highlighted the need for a more balanced approach to IT infrastructure versus a system with a single point of failure. — Philippine Daily Inquirer

IF you’re a child of the ’90s like I am, you’ll remember all the doomsday prophecies and collective anxiety surrounding the year 2000.

Famously known as the Y2K problem, many computer programmes used only the last two digits of the year making 2000 indistinguishable from the year 1900, potentially leading to errors that could disrupt computer-reliant services worldwide, including the banking system.