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A program is like a project, but may be ongoing and can depend on participation
by users. MS Excel helps managers allocate resources, keep track of progress,
and maintain participant records.
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The need for processing becomes more and more critical in such cases. In such
cases, data mining and data management come into play without which optimal
results cannot be obtained. Each stage starting from collection to presentation
has a direct effect on the output and usefulness of the processed data. Sharing
the dataset with third party must be done carefully and as per written agreement
& service agreement. This prevents data theft, misuse and loss of data.
Processed data makes it easy to arrange it by type and information, it saves a lot
of space. This also helps in making sure that all staff and workers can learn and
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understand it easily. They can implement it in the work, which can otherwise take
up more time and end up in providing a decreased output. This can harm the
interests of the business or organization.
Most businesses and fields require data for providing a good quality of service.
Collecting data and it’s implications are very important aspects of managing and
ensuring statistical authenticity. It is particularly essential for services concerned
with financial technologies. This is so because transactions and payment details
need to be properly stored for easy access by customers as well as the company
officials upon need. Processing is not limited to computers and can be done
manually as well.
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programming language called Visual Basic for Applications. Excel forms part of
the Microsoft Office suite of software. Microsoft Excel is a spreadsheet program
used to record and analyze numerical and statistical data. Microsoft Excel
provides multiple features to perform various operations like calculations, pivot
tables, graph tools, macro programming, etc. It is compatible with multiple OS
like Windows, macOS, Android and iOS.
A Excel spreadsheet can be understood as a collection of columns and rows that
form a table. Alphabetical letters are usually assigned to columns, and numbers
are usually assigned to rows. The point where a column and a row meet is called
a cell. The address of a cell is given by the letter representing the column and the
number representing a row.
Microsoft Excel is the go-to tool for working with data. There are
probably a handful of people who haven’t used Excel, given its
immense popularity. Excel is a widely used software application in
industries today, built to generate reports and business insights. Excel
supports several in-built applications that make it easier to use.
There are plenty of Excel formulas and functions depending on what kind of
operation you want to perform on the dataset. We will look into the formulas and
functions on mathematical operations, character-text functions, data and time,
sumif-countif, and few lookup functions.
Let’s now look at the top 25 Excel formulas you must know. In this article, we
have categorized 25 Excel formulas based on their operations. Let’s start with
the first Excel formula on our list.
Project of Computer Application of Business
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1. SUM
The SUM() function, as the name suggests, gives the total of the selected range
of cell values. It performs the mathematical operation which is addition. Here’s an
example of it below:
As you can see above, to find the total amount of sales for every unit, we had to
simply type in the function “=SUM(C2:C4)”. This automatically adds up 300, 385,
and 480. The result is stored in C5.
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It automatically calculates the average, and you can store the result in your
desired location.
3. COUNT
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As seen above, here, we are counting from C1 to C4, ideally four cells. But since
the COUNT function takes only the cells with numerical values into consideration,
the answer is 3 as the cell containing “Total Sales” is omitted here.
If you are required to count all the cells with numerical values, text, and any other
data format, you must use the function ‘COUNTA()’. However, COUNTA() does
not count any blank cells.
4. SUBTOTAL
Moving ahead, let’s now understand how the subtotal function works. The
SUBTOTAL() function returns the subtotal in a database. Depending on what you
want, you can select either average, count, sum, min, max, min, and others. Let’s
have a look at two such examples.
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Similarly, “=SUBTOTAL(4, A2: A4)” selects the cell with the maximum value from
A2 to A4, which is 12. Incorporating “4” in the function provides the maximum
result.
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5. MODULUS
The MOD() function works on returning the remainder when a particular number
is divided by a divisor. Let’s now have a look at the examples below for better
understanding.
Q5> How computer is useful in the field of business & commerce ,give
examples.
With computers and servers, businesses are able to store and sort millions of
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Project of Computer Application of Business
files, to enable the business to access at any time. Computers also enable a
business to store its data in different ways.
BUSINESS COMMUNICATION
Now business organizations use various methods of communication through
computers.Now companies use email,live chat tools,video conferencing
systems,smartphones,social networking,web conferencing for communicating
between employees,suppliers and customers.As sometimes it is essential in
business to communicate with employees or other members in business in a very
few time,so we can communicate with anyone in few seconds using computers.
MARKETING
Computers play a vital role in marketing .Now most of marketing is done
online.Social media marketing,website development,blogging,advertising,e-
newsletters are main forms of online marketing.The main advantages of online
marketing are reduced cost,brand engagement,demographic targeting,real time
results,less intrusive etc.
RESEARCH
Internet provides the information which is very useful for the business
operations.Businesses can know about the public opinion regarding any product
or service by doing online surveys.They can also get the knowledge about other
companies products and services through internet.When they launch any product
they can know the public reaction by viewing customer reviews on different sites.
BUDGETING AND FORECASTING
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Project of Computer Application of Business
Computer is very helpful for budgeting and forecasting.There are many special
software available for budgeting and forecasting.These software are helpful for
estimating future sales and business expansions.Spreadsheet programs such as
excel are helpful for budgeting and forecasting.
STORAGE
Now businesses can store huge amount of data using computers and
internet.They don't need huge cabinets for storing data now.Data can be stored
centrally for easy access from multiple computers or stored locally for individual
use.Computerized storage saves space and provides a security of data.
DESIGN AND PRESENTATION
In past years businesses had to made business documents by hand.Now with
the help of digital photography,printing technology and graphic design
businesses don't have to make documents by hand and they can make the
documents more artistically and clearly.
EDUCATION
Computers are used for educating employees on software,company policies and
procedures.Instead of hiring teachers employees can be educated online.It is
help in busy schedules of businesses.
HOME BASED WORKERS
With the help of computers now we can do online jobs.Due to some reasons if
we are not able to go to outside for job then we can do online jobs.Now we can
do our office work by sitting anywhere.
ORGANIZATION
The ease with databases,spreadsheets computer has improved the efficiency
and management practices of business worldwide.Many offices now uses
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Project of Computer Application of Business
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Project of Computer Application of Business
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Project of Computer Application of Business
Block diagram of a basic computer with uniprocessor CPU. Black lines indicate
data flow, whereas red lines indicate control flow. Arrows indicate the direction of
flow.
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Project of Computer Application of Business
The Advantages & Disadvantages of a Business Using the Internet for Business
Activity:-
The internet is an excellent tool for increasing the visibility of your business. The
internet overlooks physical borders, thereby giving your products and services
heightened exposure to a global audience. This can lead to increased sales, as
your business offer reaches new markets that would otherwise be beyond your
physical reach, especially if you are a small business owner.
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Project of Computer Application of Business
With the rise of the internet, there has been a huge increase in various social
media platforms. These platforms that are designed to connect people with one
another become powerful, relatively low-cost marketing channels that can be
utilized by both large and small enterprises. The internet means that you can
put your products and services right in front of your target market without using
the help of a formal marketing agency to do it for you, but at a much greater
cost.
Many jobs and business functions can be performed online. This means that
incorporating the internet into your business functions could open up an
opportunity to have remote staff who can work from home, thereby reducing the
cost of having an office building.
The internet has enabled a million and one ways you can make your life easier
as a business owner. You can do your bookkeeping and customer service care
online, and get bespoke solutions that automate how customers purchase your
goods and services. In short, it can streamline processes while saving valuable
work hours from performing tedious tasks.
In addition, the internet enables you to share knowledge and information quickly
and easily. Whether you are sharing documents or best business practices,
emails, apps, webinars and everything in between, sharing resources has
become easy and efficient.
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The internet has upped the market for many different types of businesses.
Although this has made it easier for customers to access your products and
services, the internet has also made it easy for customers to access the
products and services of your competitors, as well. To be at the forefront of
customers' minds, businesses have resorted to slashing prices drastically,
which has also drastically reduced profit margins. If you conduct your business
on the internet, prepare to lose sales if customers can find the same product on
the market at a lower cost.
Some of the most creative ideas are borne out of the face-to-face interactions
that people have with one another. While the internet has succeeded in
connecting people to one another in a superficial way, it cannot adequately
replicate the human interactions of interacting face-to-face with colleagues and
customers.
People now take to social media to voice their concerns and their viewpoints
about a business. People are more likely to complain than they are to
compliment a business, and this can damage the reputation of a company.
Plenty of examples can be found of complaints that have gone ‘viral’ and that
have forced businesses to change their strategies or change their products,
resulting in a loss of revenue.
The internet is a powerful tool not only for businesses but also for consumers.
Handle it with care and in accordance with the needs and model of your
business, so that the advantages are maximized and that the disadvantages
can be mitigated.
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The other major differences between a local area network and a wide area
network can be explained in a tabulated form, as below:-
Complete The complete form of LAN is 'Local Area The complete form of WAN is the 'Wide Area Network'.
Form Network'.
Definition LAN is a group of devices connected in a WAN is an arrangement of several devices attached over a
small geographic area, such as houses, network covering a broad area. A network having
offices, or buildings. communication links crossing the regional, metropolitan, or
national boundaries over a large distance is an example of
WAN.
Geographical LAN covers a small geographical area, and it WAN covers a large distance geographical area that usually
Area does not require any leased crosses regional or metropolitan boundaries and requires
telecommunication lines. leased telecommunication lines.
Speed LAN provides a comparatively higher speed. WAN has a slower speed as compared to LAN.
Data Transfer LAN provides a high data transfer rate than WAN provides a relatively slower data transfer rate. It can reach
Rate WAN. It can reach up to 1000 Mbps. up to 150mbps.
Propagation In LANs, the propagation delay is short. In WANs, the propagation delay is comparatively long.
Delay
Ownership LAN is owned, managed, and used by an WAN can be either private or public. The Internet is the best
individual or an organization. Therefore, it is example of public WAN.
a private network.
Congestion LAN has low congestion than WAN. WAN has relatively higher congestion as compared to LAN.
Fault LAN has higher fault tolerance. WAN has a lower fault tolerance as compared to LAN.
Tolerance
Technologies LANs tend to use some particular WANs tend to use Frame Relay, MPLS, and ATM along with
connectivity technologies, mainly Ethernet X.25 for connectivity over larger distances.
and Token Ring.
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Connection LANs can be attached over any distance In WAN, the devices are connected through public networks,
using telephone lines and radio waves. such as the telephone system. They can also be connected via
Typically, co-axial or UTP cable is used as the leased lined or satellites.
transmission medium.
Components The main components of LAN include Layer 1 The main components of WAN include Layer 3 devices (e.g.,
devices (e.g., hubs, repeaters) and Layer 2 Routers, Multi-layer switches) and technology-specific devices
devices (e.g., switches, bridges). (e.g., AM, Frame-relay switches).
Bandwidth LAN offers high bandwidth for the WAN offers low bandwidth for the transmission.
transmission.
Maintenance Designing and maintenance of LANs are Designing and maintenance of WAN are complex.
easy.
Core Principle It works on the principle of broadcasting. It operates on the principle of point-to-point.
Cost Since LAN covers a small area, it can be set The setup for WAN is high because of its wider geographical
up very cheaply. area.
Scalability If there is a requirement to connect more When it comes to WAN, the setup of additional devices will
devices in a LAN, it can be easily done. It will cost high because networks in remote areas must be
not cost much. connected. Besides, WANs using public networks are easy to
set up and are not expensive.
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Project of Computer Application of Business
Memory plays a critical part in computers to store and retrieve data. Computer
memory is categorized into primary and secondary memory. While primary
memory is the main memory of the computer which is used to store data or
information temporarily, whereas secondary memory refers to external storage
devices that are used to store data or information permanently.
Primary memory holds only those data or instructions which the computer is
memory, on the other hand, is persistent in nature which means instructions are
transferred to the main memory first and then re-routed to the central processing
unit.
In primary memory, data is directly accessed by the processing unit and it resides
in the main memory until processing. Information and data are stored in
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Project of Computer Application of Business
the main memory is temporarily which may lead to loss of data in case of power
loss in case of power failure. Data is intact unless the user erases it intentionally.
Primary memory can also be referred to as RAM, short for Random Access
Memory, because of the random selection of memory addresses. RAM holds data
in a uniform manner and it can be lost when power fails. Secondary memory
refers to external storage devices such as hard disk, optical disk, compact disk,
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flash drives, magnetic tapes, etc. They are high-storage devices with substantial
In primary memory, applications and instructions are stored in the main memory
which makes them relatively faster to access via data bus. Processor is able to
retrieve data faster than it does with secondary memory, which acts more like a
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Project of Computer Application of Business
Project of Computer Application of Business