Word: computerization
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The kit, developed by the nonprofit Educational Research Corporation of Cambridge, relies on the programmed profiles of 2,850 schools that are stored in IBM machines. A-student marks his preferences (location, size, competitive standing, desired subjects) on a four-page booklet; the information is fed into the computer and...
Businessmen who crowded into San Francisco's Civic Auditorium last week tried their hand at playing blackjack against a computer. They inevitably lost, for the machine has not only broken the bank at Las Vegas in a test, but also outwits comptrollers and architects in performing such practically profitable...
...companies control their inventories with computers, which record every sale and tell managers when and how much to reorder. Borrowing an idea from the airlines, Long Island's Maxson Electronics Co. plans by next July to link 5,000 hotels, travel bureaus and car-rental outlets in a computerized reservations network...
Houses & Horses. This year Government and business will spend a record $2 billion for electronic data-processing gear, ranging from $90,000 small computers to $5,500,000 machines capable of 2,500,000 calculations a second. So broad is the variety of computer users that there are more than...
Computers now analyze the sales potential of new products, schedule complex production runs, and solve design problems. Before making investment decisions, many bankers and brokers consult Standard & Poor's Compustat system, whose computer has standardized and "memorized" 30 financial details about 625 corporations, including sales, cash flow and price/earnings...