Computers?
What was the economic importance of Computers? especially in the 90s. Was it because it expanded the market or what b/c i’m not exactly sure. Pwease helppp mee?
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economic importance, importance of computers
Despite the growth and obvious importance of the Internet and distributed computing systems, it is the mainframe computer that has provided the greatest economic benefit. Mainframes are able to store and process vast amounts of data extremely quickly, which is why every bank, insurance company and airline depends on their mainframe. Yes, even today!
The major benefits of mainframe processing are twofold. Firstly, operations like accounting and stock control that once took hundreds of people to do manually can be performed much more effectively and pretty much in real-time. Secondly, mainframes can manage enormous databases which allow you to make much more effective use of your data (through techniques known as data mining, for example).
Mainframe computers are alive and well, and running most core business functions quietly in the background whilst the new kids on the block (like the Internet) take all the plaudits.