Our daily encounters with and dependence upon technology is almost invisible as it takes the shape of electronic climate control system, wireless communication systems such as phones and pagers, automatic tellers to dispense money. Magnetically striped cards to facilitate consumer transactions, cable and satellite television, auto mobiles and mass transit. Free trade agreements have led to globalization of commerce and scientific debate about global warming and the effect of our modern use of fossil fuels, nuclear weapons, chemical warfare, and contamination of food and water supplies. In the past several decades we have gone from space exploration to space colonization, intelligent machines, and virtual reality that will lead us into the next millennium. The jobs of the future may not even exist today. Let us see the use of computer technology in our daily life.
Uses of Computers in Business:
The business must understand and adapt in the new source of competitive advantage connecting to the people of the core competencies and customer interaction on global scale, globe market place. In the globe business world, globe interaction is very important. In every organization there are major business processes that provide the critical tasks such that customer bills, analyzing sales of various products in different locations etc. in business, computers are used as given: 1. Marketing: Marketing applications provide information about the organization’s products, its distribution system, its advertising and personal selling activities, and its pricing strategies. Marketing applications help managers to develop strategies that combine the four major elements of marketing: Products, Promotions, Place and Price. 2.
London Stock Exchange|
3. Stock Exchange: Stock markets around the world are in transition. On some trading floors, paper is disappearing. In fact, the trading floor itself is disappearing in some places because many stock markets lunched the computerized system that makes it possible for stockbrokers to do all their trading electronically. Brokers interconnected through a data communication network submit and receive bids using their computer workstations or interconnected computer display screens, where brokers match buyers with sellers, so that neither trading floor nor slips of paper are necessary. 4. Banks: Computerized banking have provides several benefits such as save the time and convenience for customer. International banking and the abilities to handle trading in multiple currencies are critical for international trade. The cheques are read by MICR (Magnetic Ink Character Reader, a device used to allow the data on cheques to be read by machines). Banks use mainframe computer to maintain their customer accounts by dealing with the transaction generated as a result of withdrawals and deposits. Some banks are used to operate a network of ATMs (Automated Teller Machine). Although some international retail purchasing can be done by giving a credit card number. 5. Departmental Store: People at the store level, cashiers enter sales data into sale terminals by waving a bar code scanner across a package’s bar-coded prices and stock numbers. Bar codes are read by bar code readers, photoelectric scanners that translate the bar code symbols into digital forms. The price of a particular item is set with the store’s computer and appears on the sales-clerk’s point of sale terminal and on our receipt. Store and department manager who received report of store and department sales and inventory levels are indirect end users. Record of sales are input to the store’s computer and used for accounting, restocking store inventory, and weeding out products that sell well. A security VCR (video cassette recorder) is widely used in department stores and other locations where aesthetics are priority. It is virtually impossible to tell where the...