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Information Technology Data Processing as a business need Prof. Adnan Khalid Data Processing as a Business Need Electronic data processing is growing because it is capable of handling a vast amount of data efficiently and accurately. Demands of Modern Business Number of transactions Cost Accuracy Speed Selectivity Information Record Keeping Service Mechanization Number of Transactions Number of transactions increase with the growth in the size of business. Computer, with its high speed and capacity can process thousands of records. Computer processes records better than any previous method. Cost Competitive pressure has made it essential for companies to adopt computerized data processing. Large number of transactions increase labour cost and hence electronic data processing is more feasible. Accuracy Businesses require great accuracy in many areas. Calculations must be performed accurately and an error of fractions can create a great problem. Electronic data processing performs thousands of calculations with virtually no errors. Speed Pace of modern business is fast. Decisions must be taken on short notices. Computer can process at a speed unequalled by any other means. Selectivity Business people demand selectivity in the way data is reported. Manually, it is hard to present the data in different ways. Computers can display the same data in different ways and angles. Information Good decision-making is essential for success of a business. Computer generates information precisely and quickly. Record Keeping Computers can keep large amounts of records. It takes large space to store the records manually. Computers can store large number of records for long times Service It is difficult to provide customer service manually. Computerized customer service has become extremely popular because of its speed and efficiency.
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