Many ICT tools have been created to help in dealing with the information explosion. These are the main ways that people have been able to cope with such a boom.
Spreadsheets, they are a great way of holding and processing numbers and data, allowing you to use highly advanced formulas or just the low level formula. It has uses both in the commercial world and for home owners. Allowing them both to organise and keep track of finances or work related information. It can allow them to decide whether or not something needs to be re-ordered
Simulation software, can be used if any phenomena can be reduced to mathematical data. Its aim is to imitate and correctly predict the outcome of a situation. For example, simulation can predict the weather, chemical reactions or business models. These allow a business to see what would happen if they employed a strategy, without them even having to employ it, however simulation software isn't always correct. It allows a company to decide whether following a new business venture is worth taking.
Data mining tools, this is where software sorts through large amounts of data, to find information best matched to your query. Businesses can specify an age, a gender, postcode, etc, so they can target certain people for advertisement. It can also be used to search for a persons information in a national database, saving time and therefore money. It allows a company to decide who to target their research or advertising at.
Execption reporting tools, allow you to compare actual results to predicted results, allowing you to draw a conclusion from it more accurately. Its allows a company to see what conclusions come from a huge set of results data.
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