Word: computerization
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The trick was done by inventing an "English-like language" that any good machinist can learn and that a computer can translate into the numerical language of the machines' tapes. A draftsman makes a detailed drawing of the part wanted. A part programer studies it carefully and writes orders...
The first problem that had to be met was the inability of the computer programs to keep up with the satellite in calculating the orbit. Preliminary plans expected the satellite to be higher up than it was and so did not account for the rapid changes in the orbit's...
The job of interpreting the six billion calculations made each week by the IBM 704 computer is carried on by a small number of mathematicians and upper-atmosphere specialists at Smithsonian, many of whom also lecture at the University. Fred L. Whipple, Director of the Smithsonian Observatory, is an expert...
After experimenting with accident and health policies for auto-racing drivers, test pilots and United Nations truce teams, the Continental Casualty Co. (assets: $419,761,432) was ready to solve one of the insurance industry's greatest longtime problems: a low-cost hospital-surgical plan for persons 65 and...
Continental sells its 65-Plus policies through newspaper ads, thus cuts insurance agents' commissions. An applicant needs no physical examination, simply signs a coupon in the ad and sends it in. Monthly premiums of $6.50 provide hospitalization benefits of up to $610 for each different illness incurred within a...