Essay- How Computers Benefit Businesses - 1140 Words

The business world of the 21st century is becoming more demanding and challenging as operations grew bigger and more complex with projects that need to be done in smaller time frames. There is very little room for even slight errors and mistakes; as such errors can cost businessmen millions of dollars. Therefore, reliable workforces are much needed to get projects done quickly as well as efficiently. This is why computer-aided tasks are becoming an increasingly popular trend nowadays. The first generation of computers dates back to as early as the 1940 s. The computers of that time however proved to be a hassle just to run and maintain it to be of any use to businesses of the times. It was very huge, extremely sluggish and slow but†¦show more content†¦Errors only occur if data or instructions itself that are being keyed into the computer contains error. This is very important for companies to avoid problems, because a slight error can be costly as mentioned earlier. A good example is when an accountant is doing hefty financial calculations, if there s even a slight mistake in the calculation; the whole account needs to be recalculated, which will take a lot of time. With the help of computers, such problems do not exist. Computers have the ability to store data in its storage media. This means previous transactions, client database and other form of business-related information can be stored electronically inside a computer for future reference. This is very useful as it replaces the obsolete method of keeping records in files and papers inside cabinets, in a more secure manner where these data can be protected with a password. Not only that, computers have the ability to search for specific file, record or other form of information using the integrated search tool. This process is much faster compared to the process of searching for files in cabinets manually, saving invaluable time. Modern computers are very reliable and have low failure rate. Long gone are the days of expensive maintenance costs and unreliable computers. This is because every electronic component in the computer system haveShow MoreRelatedAnalysis Of The External Environment Of Business Essay1595 Words   |  7 PagesThe Technological Environment The external business environment consists of four elements, they are as follows: Political, Economic, Social and technological. It would be impossible to analyse the whole environment in one essay, I have therefore decided to focus my essay on the technological environment. I have chosen this area to focus on because as Palmer and Hartley point out, it is one area that is forcing immense change in the external business environment. ‘The business environment isRead MoreAnalysis of the External Environment of Business1608 Words   |  7 PagesBusiness The Technological Environment The external business environment consists of four elements, they are as follows: Political, Economic, Social and technological. 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