Uses of Computer in Business

Computer is widely used in business to increase productivity. Many business activities are done faster and more efficiently with the help of computers. A computer is used to prepare business documents such as reports, charts, presentations and invoices etc. It reduces paperwork and costs. Computer systems are used to keep records of large transactions. Transactions can be made from anywhere in the world using a computer and the Internet. The computer also helps to stay in touch with employees and customers.

The computer can be used in business as follows:

1. Marketing

A business organization can use computers for marketing its products. Marketing apps provide product information to customers. The computer is also used to manage the distribution system, advertising and sales activities. It can also be used when deciding on pricing strategies.

2. Stock Exchange

The stock exchange is the most important place for traders. Many exchanges use computers to execute bids. Stock brokers conduct all trading activities electronically. They connect to a computer where brokers match buyers with sellers. It reduces costs because no paper or special building is needed to carry out these activities.

3. Banks

Banks use powerful computers to carry out millions of transactions. Banks are provision of ATM facilities. All ATMs are computerized and interconnected through a computer network. People can withdraw money from an ATM at any time.

Many banks now provide online banking. Customers can connect to bank using the internet. He can see the balance of his bank account at home. They can also do online transactions from home. It reduces the number of employees and bank buildings. Many customers use this facility to pay their bills from their bank accounts.

Banks also provide mobile banking or M-banking. It is a process performing banking activities using a mobile device. The user can perform all types of banking transactions using mobile devices such as smartphones.

4. Retail Stores

The use of computers in retail stores makes business activities fast and accurate. A cashier can enter sales data into a computer using a barcode scanner. The barcode consist the price of the product. The computer utilize this input to reckon the bill. The sales record is stored on the computer. This record can be used to analyze accounts and inventory.

5. Electronic Commerce

E-commerce or e-commerce is the process of buying and selling products or services using the Internet. It is a very easy and flexible way to buy and sell. It has become very popular nowadays. People can buy and sell products at any time. They can make credit card payments etc.

6. Office Automation

Office automation is the process of using computers and communication technologies perform various tasks in offices. It can be used to create letters, reports, tables, graphs, images, and send and receive e-mails over the network. It allows the user to improve productivity with less human effort. It also helps in saving money.