Computer Technologies are Available for Business

Computer Technologies are Available for Business
Information systems are used in all business domains. For example, finance uses information to forecast revenues and maximize investment, make selections on stocks and even predicts bankruptcies. Accounting uses information systems to record transactions, prepare financial statements, manage cash flow, or predict profit or loss.

In marketing, information systems are used to develop new merchandise and services, target customer segments, determine the locations for production and distribution facilities (so that the cost can be reduced and more customers will be attracted), formulate price strategies (to maximize total profits), and even develop the promotion policies (so that advertising will be more efficient). In manufacturing, information systems are used to process customer orders, develop production schedules, design new products, and test the quality of products.

In addition, network technologies allow users to share information and other resources. As a result, information retrieval can be efficient and available. Current Internet technology provides businesses with a variety of external business information.

Multimedia information transmissions (with text, graphics, image and video) are also available on the internet. With the impact of the Internet, Intranet becomes another new technology popular to business. Intranet is a small version of the Internet within one organization. It provides almost the same services as the Internet, but with better security and privacy.

Artificial intelligent technologies are also applied to business functions. Neural networks have been used to predict the stock and bond markets. Experts systems are used to help managers with financials decisions. In the future, more intelligent agents will be used in the business environment to improve the quality of services and products.
Computer Technologies are Available for Business