Computers are finding new and different uses daily. Going by prices, they are getting cheaper by the day. They are also becoming better in their data-processing capabilities and at the same time are more user-friendly.
Computers are primarily and widely used for storing and managing records. These can be financial, business or personal. These days, giant corporations make use of computer software and applications in storing and managing their employees' records.
These records are stored in large databases. For business or financial functions like billing a business' clients; tracking of an organization's financial transactions; tracking procurements, supplies, production; tracking of produced items that have been stored, or shipped or already sold.
Every information a company needs to run and make its business decisions certainly requires the usage of computers and information technology.More and more businesses are using point-of-sale (POS) terminals instead of the traditional cash registers. The reason is not far-fetched.
These POS terminals not only make cash registers unnecessary because it prints receipts for customers, it also keeps an inventory of items, both at hand and the ones that would need to be ordered, by passing information that is kept and processed in a database.