Early computing 3.1

 Businesses began recognizing the value of computing and saw its potential to boost

profits by improving labour- and data-intensive tasks, like accounting, insurance appraisals,

and inventory management.

To meet this demand, Hollerith founded The Tabulating Machine Company, which later

merged

with other machine makers in 1924 to become The International Business Machines

Corporation

or IBM - which you’ve probably heard of.

These electro-mechanical “business machines” were a huge success, transforming

commerce

and government, and by the mid-1900s, the explosion in world population and the rise

of globalized trade demanded even faster and more flexible tools for processing data, setting

the stage for digital computers, which we’ll talk about next week

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