What are the implications for essays

What are the implications for essays What are the implications for management of each of the following trends? Reduction in cost of hardware with time o Businesses benefit from rapid processing by providing better service at a reduced cost. o For example, an automated teller machine (ATM) system in a bank can process customer withdrawals, deposits, and transfers faster and less expensively than a human teller because it uses computer hardware. Reduction in size of hardware with time o Finally, capacity is important in information systems, and computers provide the capacity to handle large amounts of data. o Businesses benefit from this capability by being able to process volumes of data easily. o For example, a sales analysis system in the marketing department of a business can examine data about thousands of sales because it uses computer hardware. o The results of the analysis help managers draw conclusions about sales trends. o A computer can handle these large amounts of data more easily than a human. Increase in power of hardware with time o Accuracy is also important in information systems, and computers ensure that the results of processing are correct by not making mistakes as people do. o Without accurate processing, a businesss costs would be greater and its information less reliable. o For example, a point-of-sale (POS) system in a supermarket is more accurate than a human clerk in recording the prices of items purchased by a customer because it uses computers. o Thus, the system reduces the cost of selling a product at an incorrect price. o A POS system also keeps an accurate count of stock because of its use of computer hardware, and therefore the system provides better information about inventory. o You sometimes hear about computer errors, but usually these result from mistakes made by humans, not by computers. All these benefits gained from the use of computer hardware in informa ...