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Describe the role of social media sites in digital communication technology?

Describe the role of social media sites in digital communication technology? Social media sites provides many types of ways to share and allow to send different types of data such as:- text data through file of text document or direct message text to the chat box directly to the user by typing, the audio clip can be recorded to send the file or direct voice calling system allows to connect with the user when the user is online. Similarly, video data can be shared to the user in the form of a file and directly connected in the form of video call or video chatting. The image file can be used to share the information object which is still object information including text data depending on the creators. The social media sites provide the services of connecting users through the data communication system using the different types of option such as:- chatting using text messages, audio clipping sends methods, recorded current video through the camera or direct video call or chat option, voi...
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Discuss the application of information technology in banking?

Discuss the application of information technology in banking?

These banking applications are in a short description... like (Inventory control/financial system/accounting/investment analysis)

  • Bank uses computers to provide the online services to customers and to answer other queries regarding their bank balance, etc.
  • To handle cash, banks use cash dispensing machines.
  • Computer also facilitates electronic transfer of funds from one account to another.
  • All that a customer needs to do is keys in his identification number and the transaction details on the terminal’s keyboard. 
  • Immediately, the amount he specifies will be transferred from his account to the other account which he has specified.

Inventory control

  • Inventory means a list of goods. 
  • In organizations goods  such as raw material, finished products spares consumables etc. are kept in stock so that whenever the need arises these items are available off shelf. 
  • The business does not suffer on account of non-availability of the products.

Financial account system

  • Financial system is one that deals with transaction of money among different organizations or individuals. 
  • The system can be divided into Financial accounting and Management accounting.

Accounting 

  • Specialized software packages are used to handle accounts in medium sized companies. 
  • Accounting programs are used for data entry, billing, accounts receivable, accounts payable, inventory control, sales analysis, tax calculation, pay-roll preparation, auditing, budget analysis etc. are uses in tally ERP 9 software.

Investment analysis

  • Computers are used for analyzing investments for maximum returns. 
  • Many companies issue shares, debentures, etc. 
  • Some people relay on brokers or financial managers for taking decisions. 
  • But others like to analyze shares themselves using computers.

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My latest post is here links below about the databases technology

What are the components of data model in [DBMS] Relational Database Management System?

There are five main components of data model... 👉 click here ðŸ‘ˆ

What is stability of the distributed database management system?

In the distributed database model there are.... 👉 click here👈
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