Why Input and Output Devices Are So Important in Information Technology

To use a computer, we must have some means of entering data into the computer for it to use in its computations. There are a wide variety of input devices, and we will mention only the most commonly used types. The input devices that you as a manager are most likely to use are a microcomputer keyboard and a mouse. In computation, these devices are generally called first-phase devices. In modern days, these devices are slowly getting replaced by some more smart devices, capable of inputting our instructions with touch or even human voices.

A terminal is a simpler device than a PC; it is designed strictly for input/output and does not incorporate a processor (CPU), or at least not a general-purpose processor. The terminal is connected to a computer via some type of telecommunication line. Most terminals consist of a keyboard for data entry and a monitor to show the user what has been entered and to display the output from the computer. Terminals are widely used by clerical personnel involved in online transaction processing. Special types of terminals are also in widespread use as computer input devices. Point-of-sale terminals are in use at most retail stores, and automatic teller machines (ATMs) are commonplace in the banking industry. Like the standard terminals described earlier, these special-purpose devices serve as both input and output devices, usually incorporating a small built-in printer to provide a hard-copy record of the transaction.

Voice input to computers is another input option, although the accuracy of speech recognition software is still less than perfect, with the best packages achieving recognition accuracy in the 95 to 99 percent range. With these numbers, speech recognition software is a productivity- enhancing tool for users with limited typing skills, disabilities, repetitive stress injuries from overusing a computer keyboard, or no time to do anything except dictate (such as medical doctors).

Some input methods read an original document (such as a typed report or a check or deposit slip) directly into the computer’s memory. Check processing is handled this way in the United States through the magnetic ink character recognition (MICR) input method. Bank checks have the account information already printed using code type of numbers and a special magnetizable ink. After a check is cashed in any bank, the bank that cashed it records the amount of the check in magnetizable ink at the bottom of the check. Magnetic ink character reader is a kind of computer device which magnetizes the ink along with understanding the number. It is as well responsible for transmitting the data to the records of bank database.

The School Of Technology And E-learning (stel) Is One Of The Academic Schools In Mdis Equipped To Pr

The School of Technology and E-Learning (STEL) is one of the academic schools in MDIS equipped to prepare and prepare Information Technology (IT) professionals in both academic education and expert skills upgrading.

First created in 2002, MDIS School of technology targets to guide individuals in Singapore and in the region gain a perch in the IT world by supplying a absolute suite of activities that concentrates on a comprehensive-based, holistic education that is highly wanted after by the trade. The information technology module gives digital media lessons based on the lessons that are from well-accredited and renowned schools. The university performs rather closely with staffs and schools to assure that the activities touched in this technology classes are appropriate, severe and of finest attributes. The program are usually examined and kept up to date in line with recent advancements in the IT industry. Thus, it helps to prepare pupils with practical techniques and knowledge greatly wanted by bosses upon graduation, when they make their growth into their trained career life. Pupils who enrol themselves in the diploma in technology are also shared by teachers that have more than 10 years of business and preparation background with proven track records in passing rates.

Staying true to its vision of offering a technology-driven career, MDIS School of technology pupils are the top to embark on the MDIS’ blackboard learning management system. This is indeed an e-learning and community platform where individuals get to obtain professor worksheets, talk with their professors, engage in online work and even organise video-recorded tutorials during the week of examination break. All these revisions open many rooms for learners to deal with technology-based equipment.

The college has varied and niche materials in Information Technology to meet the growing needs of today’s fast advancing society. It produces ready students that have the potential to safeguard advanced positions in several famous global institutions as well as potential individuals who are much desired after by the technology world. Adding on, MDIS School of Technology and e-learning often offer fresh practical oriented activities to help prepare people for their career in future.

Build Versus Buy – A Merger And Acquisition Strategy For Information Technology Companies

As a Merger and Acquisition advisor, we regularly dialogue with the top executives in the information technology industry. We have to chuckle when we reach a decision maker with a large IT company and he says, “We have a corporate policy that we do not buy companies.” Does this guy read the industry publications? Is his company’s development group that good? Does he understand the first mover advantage or window of opportunity?

We have gotten past the dizzying array of Internet product introductions, but the pace of technology introduction has again returned to robust levels. Any large company that feels it can keep pace with this force through internal development efforts alone is headed down the path of extinction.

Almost everyone will agree that information technology will be a primary driver of controlling costs in U.S. industry. Technology is our answer to remaining competitive in this world economy. A great deal of the technology development is coming from small, entrepreneurial, nimble, low overhead companies.

There is, however, a huge paradox in the market. The institutional buyers of technology are relatively conservative late adapters. This prevents the expected innovation and commercial success that should naturally follow the innovation and passion of these small technology innovators.

These entrepreneurs respond to a market need and achieve encouraging initial success from the early adopters. They soon hit the wall and are not able to “cross the chasm” from a small group of early adaptors to general market acceptance from the conservative majority. There is little economic value created when good technology is in the control or a failing company and the technology never reaches broad acceptance.

Most of the blockbuster new products are the result of an entrepreneurial effort from an early stage company bootstrapping its growth in a very cost conscious lean environment. Think of some of the new developments from companies like Google. The big companies, with all their seeming advantages have a very high internal cost structure for new product introductions and the losses resulting from those failures are substantial.

Don’t get me wrong, there were hundreds of failures from the start-ups as well. However, the failure for the edgy little start-up resulted in losses in the $1 – $5 million range. The same result from an industry giant were often in the $100 million to $250 million range.

For every Yahoo or Ebay there are literally hundreds of companies that either flame out or never reach a critical mass beyond a loyal early adapter market. It seems like the mentality of these smaller business owners is, using the example of the popular TV show, Deal or No Deal, to hold out for the $1 million briefcase. What about that logical contestant that objectively weighs the facts and the odds and cashes out for $280,000?

As we contemplated the dynamics of this market, we were drawn to a merger and acquisition model that is used in the networking technology market by Cisco Systems. We believe that model could also be applied to great advantage in the Information Technology industry. The giant networking company, is a serial acquirer of companies. They do a tremendous amount of R&D and organic product development. They recognize, however, that they cannot possibly capture all the new developments in this rapidly changing field through internal development alone.

Cisco seeks out investments in promising, small, technology companies and this approach has been a key element in their market dominance. They bring what we refer to as smart money to the high tech entrepreneur. They purchase a minority stake in the early stage company with a call option on acquiring the remainder at a later date with an agreed-upon valuation multiple. This structure is a brilliantly elegant method to dramatically enhance the risk reward profile of new product introduction. Here is why:

For the Entrepreneur:

1.The involvement of Large IT Investor – resources, market presence, brand, distribution capability is a self fulfilling prophecy to your product’s success. The halo of the big secure company helps you cross the chasm to the conservative majority institutional customer.

2.For the same level of dilution that an entrepreneur would get from a venture capital, angel investor or private equity group, the entrepreneur gets the performance leverage of “smart money.” See #1.

3.The entrepreneur gets to grow his business with Large IT Investor’s support at a far more rapid pace than he could alone. He is more likely to establish the critical mass needed for market leadership within his industry’s brief window of opportunity.

4.He gets an exit strategy with an established valuation metric while the buyer/investor helps him make his exit much more lucrative.

5.As an old Wharton professor used to ask, “What would you rather have, all of a grape or part of a watermelon?” That sums it up pretty well. The involvement of Large IT Investor gives the product a much better probability of growing significantly. The entrepreneur will own a meaningful portion of a far bigger asset.

For the Large IT Investor:

1.Create access to a large funnel of developing technology and products.

2.Creates a very nimble, market sensitive, product development or R&D arm.

3.Minor resource allocation to the autonomous operator during his “skunk works” market proving development stage.

4.Diversify their product development portfolio – because this approach provides for a relatively small investment in a greater number of opportunities fueled by the entrepreneurial spirit, they greatly improve the probability of creating a winner.

5.By investing early and getting an equity position in a small company and favorable valuation metrics on the call option, they pay a fraction of the market price to what they would have to pay if they acquired the company once the product had proven successful.