Uses of Computer in Field of Business Essay

Computer in business: Information Technology (IT) has played a very significant role in taking business to new height. Before computers, the time taken to complete a task was more and however as computer started to be used in business establishments, the processing of work got more stabilized. Some of its uses in the field of business are given below: Keeping records: Computer programs such as QuickBooks and other accounting programs to allow business to keep detailed records. These programs track accounts payable, accounts receivable and sales. They also provide a easy and quick way for a business to send invoices to customers and handle payroll functions. Back office productivity and accuracy can increase greatly when using an accounting program. Budgeting and Forecasting : Computers can be used to prepare budgets and corporate forecasts, inexpensive accounting programs allow even people with limited computer knowledge to develop detailed budgets that will help to keep the company on track. They can also be used to forecasts future sales and business expansions. Spreadsheet program such as excel can also be used for budgeting and forecasting. Inventory Control and Management: Inventory control and management Is a crucial process , especially in establishments related to retail and production, such as details of good, goods coming in distribution of stock and storage details. Preparing Marketing Documents: There are wide varieties of programs that allow businesses to easily prepare dynamic marketing documents. Word for documentation, Spreadsheets for storing large data, Adobe Photoshop provides eye catching customs. E- Commerce: E commerce(electronic commerce) describes the buying, selling and exchanging of products services and information via computer networks there are many applications of e commerce such as: Electronic mail: A service of transporting text messages, videos and audios from one computer to another via internet. Electronic shopping: it allows businesses and internet users to buy goods and services at home, form work and from anywhere in the world. Electronic banking: it helps businesses for transmission of cash from home or on the road using online banking instead of physical bank location Research: The business can use the internet to search its competitors, products and prices by studying their websites. they can also get glimpse on how costumers view their own products by reading their costumer reviews on different websites. Communication: Communication is key when gaining and maintaining clients and other important contacts. Computers give businesses access to email, instant messaging and custom customer contact systems. Computerized phone systems allow for automated support during off hours and a virtual operator can quickly direct callers to the correct department for faster support. Marketing : Computers allow businesses to create websites, stunning ads and complete marketing campaigns. Marketing videos can be edited and custom ads created in-house with the use of specialized software. Businesses can completely develop and manage websites with their own servers or connect remotely to a third-party business to upload their latest content such as articles, product images and blog posts. Storage: Instead of filing cabinets, businesses are able to store millions of files using computers and servers. Data can be stored centrally for easy access from multiple computers or stored locally for individual use. Computerized storage saves space and provides a far more efficient organization strategy. With encryption, passwords and replace keys, data  remains secure. Social issues with the use of computer Computer technology has made several important impacts on our society. Today computer is playing very important role in every field of life. But with thos rapid increase the social issues arising from it are also increasing day by day. Some of its positive issues are given below: Use of computer in a positive way : Business: Today, in global markets, it is impossible to run the business without the use of computer technology.  Many business activities are performed very quickly and  efficiently by using computers. The administrative  paperwork is also reduced by using computers. Many  business use websites to sell their products and contact  their customers. Education: Computers are used in teaching and research. The students can solve different kinds of problems quickly and efficiently by using computers. They can also collect different information on the Internet. Bank: Computers are widely used in banks. They are used in banks for record keeping and maintaining accounts of customers. Most of the banks provide the facility of ATMs. The customers can draw money through ATM card from any branch of that bank (or another bank) at any time of a day. Entertainment: Computers are also playing very important role for the entertainment of human beings. Nowadays, computer can be used to watch television programs on the Internet. People can also watch movies, listen music, and play games on the computer. Many computer games and other entertainment materials of different kinds are available on the Internet. Medical: Nearly every area of the medical field uses computers. For example, computers are used for maintaining patient history & other records. They are also used for patient monitoring and diagnosis of diseases etc. Using Computers In negative Ways: New technology brings with it new opportunities for crime, but in many ways, computers and computer networks have left many open doors for criminal to enter. Some of them are given below: Software theft Software theft costs the software industry an estimated $12 billion a year. Users have an opinion on the ethics of copying software that does not match the publishers and it is not always certain where the law stands on this around the world. Companies are not sure whether copyrights or patents is the best way to protect intellectual property and several look and feel cases have left the issues unresolved.The large question is how to protect intellectual property right without stifling creativity overall. Hacking: Attacks by hackers and computer viruses have cost computer operators a great deal of time and money. Hackers have: broken into computer systems to change exam results (and sometimes grades), disrupted 911 systems, hacked into US military computers sold stolen data to the KGB and blackmailed London banks into hiring them as â€Å"security consultants.† Viruses: Viruses have erased file, damaged disks, and shut down computer systems. The most infamous virus is the Internet worm started by Robert Morris in 1998, tying up 6000 computer systems nationwide. While some people think that hackers are guardians of civil liberties, most legal systems view them as trespassers and vandals. Privacy: Safeguarding privacy in a modern society where so much information about us is public is extremely difficult if not impossible. There have been data disasters involving mistaken identities, data mix-ups, and doctored data which adversely affect people’s lives, including driving and credit records. Aggravating the problem are the issues of calling number identification (CNID or Caller ID) monitoring of e-mail, and data marketing.