What are the implications for

             What are the implications for management of each of the following trends?
             Reduction in cost of hardware with time
             o Businesses benefit from rapid processing by providing better service at a reduced cost.
             o For example, an automated teller machine (ATM) system in a bank can process customer withdrawals, deposits, and transfers faster and less expensively than a human teller because it uses computer hardware.
             Reduction in size of hardware with time
             o Finally, capacity is important in information systems, and computers provide the capacity to handle large amounts of data.
             o Businesses benefit from this capability by being able to process volumes of data easily.
             o For example, a sales analysis system in the marketing department of a business can examine data about thousands of sales because it uses computer hardware.
             o The results of the analysis help managers draw conclusions about sales trends.
             o A computer can handle these large amounts of data more easily than a human.
             Increase in power of hardware with time
             o Accuracy is also important in information systems, and computers ensure that the results of processing are correct by not making mistakes as people do.
             o Without accurate processing, a business's costs would be greater and its information less reliable.
             o For example, a point-of-sale (POS) system in a supermarket is more accurate than a human clerk in recording the prices of items purchased by a customer because it uses computers.
             o Thus, the system reduces the cost of selling a product at an incorrect price.
             o A POS system also keeps an accurate count of stock because of its use of computer hardware, and therefore the system provides better information about inventory.
             o You sometimes hear about computer errors, but usually these result from mistakes made by humans, not by computers.
             All these benefits gained from the use of computer hardware in informa
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