Computer is a machine which performs various mathematical and logical operations on symbols and other forms of information and produce result in a form readable by humans and machines. Computer is very useful in almost all walks of life.
Some of the major criteria for using computers are:
1. To make quick availability of information:
The computers are used to process raw data and convert it in to meaningful information. As the computer works at a very high speed, the information is retrieved quickly and promptly.
2. To provide highly accurate and reliable information:
The information produced by the computer is highly accurate, reliable and dependable. The computers perform their task as per the given program.
3. To prepare reports:
The computers help to generate various types of financial and non financial reports required by executives for decision making and control, in short period of time.
4. To reduce paper work:
The use of computers for data processing has helped the management of business organizations to cope with the increasing problem of paper handling by not only speeding up the process, but also eliminates the paper needs, through proper storage of data, in elaborately constructed data bases and files where they can be retrieved when needed.
5. To prepare statements of payroll, income-tax etc:
Computers are used to prepare payroll and to generate various other statements such as income tax statement, provident fund statement etc.
6. To identify problem area:
Computer facilities the identification of business problem by carrying out the analysis data. It helps the management to take corrective action over the business problem.
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