Most Expensive MP3 Player

The mp3 player, or digital audio player, is a small portable device which plays digital music files, the most common of which are mp3s. Flash-based players, like the Apple iPod Shuffle, and digital jukeboxes, like the larger Apple iPod, are becoming increasingly gadgets used by millions around the world.
After receiving an order from Russian-Canadian billionaire Alex Shnaider, owner of the Midland Formula 1 team, TrekStor a German manufacturer of MP3 players has developed the most expensive MP3 player ever built. This unique custom-made portable music device was created based on TrekStor’s i.Beat organix mp3 player.
The mp3 player has one gigabyte of memory, a battery life of 25 hours, and supports MP3, WMA, WAV, ASF, OGG audio files. But what really makes this an expensive mp3 player is the exterior.
The TrekStor MP3 player i.Beat organix Gold is cast in 18 carat gold and adorned with 63 diamonds (one carat). The gadget also has a modest chain ornamented with aquamarine gems. The exclusive, unique player was presented to the public for the first time at CeBIT, the world’s largest IT trade fair in Germany.
Jewelers Wenthe in Mannheim/Germany put over 100 hours of meticulous handcraft into the most expensive mp3 player making it an exquisite piece of jewelry.
This mp3 player may never become the most popular, but TrekStor has recently decided to produce a limited series of this magnificent gadget for those who would buy the most expensive mp3 player in the world

Most Expensive Handheld Video Game System

You might remember how in your younger days you had a Nintendo Gameboy. One of the kids in your class might have had a Sega Gamegear. These days, possibly depending on whether or not you have a social life, you might have a Sony PSP or a Nintendo DS. But did you know that since 1979 there have been 33 known handheld video game systems released throughout the world? Most of these haldheld games quickly faded into obscurity. So which of them is the most expensive handheld video game system in the world?
Some of these video game systems were very ambitious and way ahead of their time. Most of them were complete disasters, due to either poor marketing or other kinds of corporate ineptitude that lead to terrible design decisions. The three expensive handheld video game consoles we’ll be looking at today are the Gizmondo, the Tapwave Zodiac and the TurboExpress.
Released in October 2005 for $400 (without ads), the Gizmondo featured a 400MHz ARM9 processor, a GeForce 3D 4500 GPU and a GPS module for in-car navigation. Between January and September of 2005, Tiger Telematics, the company responsible for this abortion, reported a loss of $210 million USD. Soon afterwards Gizmondo declared bankruptcy and a controversy about Steffan Eriksson, a Gizmondo exec with connection to the Swedish mafia, soon errupted after he crashed his Ferrari Enzo. Only 8 crappy games were ever released for it.
The Tapwave Zodiac, costing $400 (depending on config), was released in time for the 2003 holiday shopping season. It was a Palm OS 5 based PDA created by the Tapwave company. It featured a 200MHz ARM9 processor and an ATI Imageon W4200 GPU. A lot of Palm OS compatible games could run on it, but it’s not clear how many games were released specifically for it, because Tapwave went bankrupt in July 2005, and because nobody cares.
Having the honor of being the most expensive handheld video game ever made, the NEC TurboExpress, the Rolls Royce of handheld systems, was released in 1990. It was the portable version of the TurboGrafx-16 and cost $249 at launch. Its price was briefly raised to $299, which adjusted for inflation is $446 in todays dollars. It featured 6820 CPU which ran at 3.58 or 7.16 MHz and had a 512 color palette. It could also be connected to a TV. The TurboExpress was never able to catch on with gamers due to bad marketing and the price of the expensive game system.

Most Expensive Video Game

Doom was a revolutionary first person shooter, released in 1993 to worldwide acclaim. Only 11 people are credited for this game, which took only a year to develop from start to finish. It’s not clear how big the development budget was, but it was typical for most games of that time to have a budgets around $200,000.
Today the production of a video game can cost upwards of tens of millions of dollars and sometimes takes over 5 years to develop. Releasing an A-list title is a massive business undertaking, employing many hundreds of people. An incredible amount of risk is involved in releasing a title. Big name publishers lean towards releasing sequels and safer titles that appeal to a broader audience.
Sometimes an ambitious game developer will completely overrun its budget and development time. Sometimes this results in an epic title that breaks all the rules set before it. More often than not, it results in poor reviews, poor sales and a generally crappy video game. By now you might be wondering, what is the most expensive video game ever made? It’s a Sega Dreamcast game called Shenmue. Released in 1999, the project cost over $20 million and took over 7 years to complete. It was produced and directed by Yu Suzuki for the Sega-AM2 (Sega Amusement Machine Research and Development Department 2).
Shenmue boasted unparalled freedom and interactivity, even a real time weather system. But this wasn’t enough to impress, the most expensive video game received mixed reviews and experienced mediocre sales. Nonetheless, the expensive game inspired a massive fan base that remains active to this day.

Most Expensive TV in the World

Modern projection television, flat panel LCDs and plasma TVs have come a long way since the black and white tubes which were first introduced in the 20th century. The TV is the centerpiece and often the TV is the most expensive purchase for one’s home theater system. Someone who truly wants to impress others with their set might ask what is the most expensive television in the wordl?
From Italian company Keymat Industrie comes an expensive television studded with 160 real diamonds, 20 carats. Costing €100,000, the Yalos Diamond is the most expensive TV in the world. This expensive TV has no visible screws or welds, and the aesthetics are the work of Japanese designer Takahide Sano.
Not everyone can afford such an expensive LCD TV, but for those who absolutely must have the world’s most expensive television, the Yalos Diamond is the current choice. If you were thinking of upgrading to your first HDTV, this may not be the best option, but if you are remodeling your mansion, consider this expensive TV set

Most Expensive Cell Phone in the World

Most people enjoy having a quality cell phone, but they also recognize that cellular phones are a consumable good and will have to be replaced within in a few years. For this reason, people often do not purchase the most expensive cell phone when they purchase their mobile. Some though must have an expensive mobile phone, and because others can see cell phones as a status symbol, one has to ask what is the most expensive cell phone in the world?
A Moscow-based company has begun production to supply people who desire an expensive mobile with what has been reported as the world’s most expensive cell phone. Along with the luxury look, this expensive phone manufactured by the Moscow-based JSC Ancort Company uses powerful encryption technology to for enhanced security.
Luxury accessory producer Peter Aloisson has created the The Diamond Crypto Smartphone. This expensive cell phone is priced at $1,300,000 USD, and what makes this most expensive cell phone in the world cost so much? Apart from the platinum body this expensive mobile phone features a cover adorned with 50 diamonds including ten which are a rare blue diamond. The Ancort logo and the navigation key are made of 18 carat rose gold.
Built on the Windows CE, the most expensive cell also features a high-resolution color TFT display and a 256 bit cryptographic algorithm. This expensive mobile phone is capable of SMS, MMS, E-mail, Internet, WAP, JAVA support and also has a media player.

Most Expensive Computer Keyboard

Most people use whatever keyboard comes with their desktop PC and only buy a keyboard as a replacement when the inevitable cup of hot coffee is spilled onto the keys. Some prefer split keyboards, or soft-touch keyboards. Other that type prefer the old-school clanks of their first keyboards. Many of the more expensive keyboards are now wireless because many people when given the choice will lean back and type with a keyboard in their lap.
CNET’s blog recently featured an affiliate of Fujitsu, PFU Ltd of Ishikawa, Japan which is producing the most expensive PC keyboard ever to be used for typing. The price for this expensive computer keyboard is a grand sum of 500,000 yen or about US $4,240.

Named the Happy Hacking Keyboard Professional HP Japan, the keys are handcoated with a Urushi lacquer. This made to order keyboard is coated many times and then powdered with gold dust.

Buy one of the most expensive computer keyboards yourself by visiting their website, if you can read Japanese.

Most Expensive Computer Mouse

Most consumers just use the mouse that comes with their desktop and only purchase a mouse when they spill the inevitable hot cup of coffee and ruin the wheel action on their mouse and their mousepad.

Others must think of their mouse as a fashion accessory though, because why else would Swiss manufacturer Pat Says Now produce the world’s most expensive computer mouse.
The costly peripheral is cast from 18 carat white gold and set with 59 brilliant cut diamonds, and will only set you back £12,400 ($24,180 USD). The most expensive mouse utilizes a modern 3-button wheel optical mouse design, options for USB or PS/2 connections for either PC or Mac, a 800 dpi Resolution, and a 3 year warranty.
The expensive mouse comes in two designs, “Diamond Flower” and the “Scattered Diamond” layout. You can bling out and personalize the most expensive computer mouse by adding your initials in diamonds, and can choose from yellow, red or white gold with white or black trim.

Most Expensive Computer in the World

The Japanese government estimates the Earth Simulator cost $400,000,000, making it the most expensive computer ever built. The budget for the Earth Simulator project was authorized for the National Space Development Agency of Japan (NASDA) and the Power Reactor and Nuclear Fuel Development Corporation (PNC) in 1997, and NEC Corporation made the winning bid for the Japanese project.
By May 2002, the 640 processor node supercomputer was benchmarked with Linpack as having 35.86 TFlop/s performance. This gave it the top spot on the TOP500 Supercomputer Sites list until 2004 when IBM’s BlueGene/L supercomputer took its place using an architecture that cost less than half as much to implement.
Each processor node in the Earth Simulator contains 8 vector processors running at 500MHz with 16GB of shared memory, and the total main memory in the machine is 10 terabytes. The operating system running on the supercomputer is NEC’s UNIX-based OS called “SUPER-UX” which is used on NEC’s SX Series of supercomputers.
This expensive computer is used for a wide variety of international projects, most of which are related to atmospheric, climate, and oceanographic simulation.

Define Linux

LinuxLinux (often pronounced LIH-nuhks with a short "i") is a Unix-like operating system that was designed to provide personal computer users a free or very low-cost operating system comparable to traditional and usually more expensive Unix systems. Linux has a reputation as a very efficient and fast-performing system. Linux's kernel (the central part of the operating system) was developed by Linus Torvalds at the University of Helsinki in Finland. To complete the operating system, Torvalds and other team members made use of system components developed by members of the Free Software Foundation for the GNU Project.
Linux is a remarkably complete operating system, including a graphical user interface, an X Window System, TCP/IP, the Emacs editor, and other components usually found in a comprehensive Unix system. Although copyrights are held by various creators of Linux's components, Linux is distributed using the Free Software Foundation's copyleft stipulations that mean any modified version that is redistributed must in turn be freely available.
Unlike Windows and other proprietary systems, Linux is publicly open and extendible by contributors. Because it conforms to the Portable Operating System Interface standard user and programming interfaces, developers can write programs that can be ported to other operating systems. Linux comes in versions for all the major microprocessor platforms including the Intel, PowerPC, Sparc, and Alpha platforms. It's also available on IBM's S/390. Linux is distributed commercially by a number of companies. A magazine, Linux Journal, is published as well as a number of books and pocket references.
Linux is sometimes suggested as a possible publicly-developed alternative to the desktop predominance of Microsoft Windows. Although Linux is popular among users already familiar with Unix, it remains far behind Windows in numbers of users. However, its use in the business enterprise is growing.
Linux is a contraction for Linus' Unix; the short i sound preferred by most (including Torvalds) derives from the Swedish pronunciation of Linus.

New method of long distance communication

Summary: A general article on how video conferencing works and how it is being implemented.

Doctors can use it to assess the best treatment for patients with life-threatening injuries who live miles away from a hospital. Teachers on all academic levels can use it to hold classes and to bring the world -- in the form of an exhibit at the Musee des Beaux Arts in Brussels, an archaeological dig in Tibet, or a class of South African third graders, to name a few possibilities -- before students' very eyes. A 12-year-old can use it to communicate with his grandmother in Indiana, and a bank executive can use it to unroll a new marketing strategy to her counterparts at the bank's Berlin, Buenos Aires, London and Singapore offices. It is video conferencing, and industry representatives project that it will be a $5 billion industry by 2002. Video conferencing is real-time audio and visual interaction between two or more parties from distant locations. There are a number of technologies on the market now that enable such communication and they vary greatly in cost, capability and the quality of the transmitted image.

How it works

Video conferencing systems today primarily transmit audio and visual communication one of two ways: Either through digital phone lines on an integrated services digital network (ISDN) or through a local area network (LAN) via the Internet. Henry Valentino, president of the Virginia-based Video Phone Store LLC, said that analog video phone technology, which utilizes standard telephone lines, is "basically dying."
"Everyone's been preaching about the explosion of video phone technology since AT&T introduced it in the '60s. The industry is finally taking off now because of cable modems and high-speed connection services," he added.
It is widely -- although not universally -- expected that the ISDN-based systems, which comply with industry standards known as H.320, will eventually be left in the dust of trail-blazing Internet systems, whose standards are called H.323.
James Whitlock, associate director of computing services at the University at Buffalo, said that ISDN connections will in the not-too-distant future be more problematic and limited than Internet access. "We can presume that the world will have Internet connectivity; we cannot presume that the world will have ISDN," he said.
Until those higher-speed connection services are refined, however, ISDN access will produce better image resolution for most users.

The necessary elements of any video conferencing system are:
A video capture card, or CODEC (for COmpression DECompression) card
A video camera
A microphone
Video conferencing software
And a service provider (in addition to a computer to house the system).
Consumers today can choose from desktop PC-based video conferencing systems and components or systems designed for group conferences in rooms specially fitted for such purposes.
Some video conferencing systems can support application sharing so that architects in different locations, for example, can simultaneously alter and collaborate on CAD drawings. Satellite downlinks are another feature available to those with greater technological resources.

Applications

Not ready to commit to such an investment just yet? You can test-drive the technology at several "public rooms" in Western New York, where consumers can rent the rooms and equipment to hold point-to-point or multipoint video conferences with anyone on the globe who can access a similar facility. Consumers can deal directly with public video conferencing rooms or with broker firms that establish affiliate locations all over the globe. Brokers like Proximity, which has more than 2,000 locations worldwide, and Affinity, with more than 800 sites, will conduct research to determine how clients can reach personal or business contacts in other locations. Most public video conferencing sites offer clients accommodations, including catering and videotaping to enhance the comfort and productivity of their sessions.
Francesca Mesiah, director of sales and client services at one such venue, the Advanced Training Center on Oak Street in Buffalo, described a conference during which doctors from around the world assembled at the center (and other international locations) to watch a video transmission of live heart surgery being performed at Buffalo General Hospital. ATC was then transformed into a medical laboratory as the doctors put the surgical techniques they had learned into practice on pigs' hearts within the facility's classrooms.
Another local video conferencing facility, recruitment firm MRI Sales Consultants of Buffalo Inc., uses the technology primarily as a medium for job interviews. General Manager Bob Artis said that corporations can save hundreds of dollars on travel and accommodation expenses for each prospective employee by conducting interviews through video conferencing.
WNED-TV also offers public video conferencing locally, as does Ronco Communications & Electronics Inc. Ronco's Kathleen Hardy said that her company serves a wide variety of clients who use video conferencing for legal applications, including depositions and expert testimony, as well as business, medical and educational purposes.
The broad potential for distance learning through video conferencing is of particular interest to instructors and technicians at the University at Buffalo. Lisa Stephens, associate director of distance learning, coordinates video conferences using the university's three classroom-based systems. The university also has at least three mobile desktop units that are used for smaller conferences, Stephens said.
The possibilities created by evolving video conferencing technologies are truly limitless, and will affect every aspect of our lives in the near future. Charles Rutstein, an analyst with Forrester Research, expects that we will see widespread use of video conferencing technologies in approximately five years. But even a self-described video conferencing "zealot" reminds us that there are situations in which old-fashioned interpersonal communication will never be obsolete.
"Sometimes people who are communicating still need to smell the fear in negotiating situations, to press the flesh," said James Whitlock, associate director of computing services at UB. "These technologies won't replace the need for travel or the need for live person-to-person communication. But they will supplement them and increase the effectiveness of our travel and our use of the telephone."

Source: © 1999 American City Business Journals Inc.

Iphone VS Open Moko

We have all seen the new Apple iPhone that was just released at CES. Now have a look at the new OpenMoko open source phone that has some similar sexy lines. The specifications sound impressive, what do you think?
Have a look at the presentation (PDF).
“Until now, mobile platforms have been proprietary and scattered. With the release of OpenMoko, which is based on the latest Linux open source efforts, developers now have an easy way to create applications and deliver services that span all users and provide a common “look and feel”. OpenMoko also offers common storage models and libraries for application developers, making writing applications for mobile phones fun and easy while guaranteeing swift proliferation of a wide range of applications for mobile phones. With such extremely high quality open frameworks, developers will be armed with exactly the tools they need to revolutionize the mobile industry.

Future Mobile

Not sure if this Nokia concept cell phone will ever be for sale, if it does I will be first in line for it. See Sc iFi Tech for more details.
“The “Nokia Open” is/would be a cell phone that opens like a fan with a “scrollable touch screen,” which seems to be an essential-yet-nonexistent item that would need to be invented in order for this to work. The idea is that with the push of a button the thin phone opens up, revealing a spacious screen on which buttons and menu options appear for you to manipulate with your digits. All well and good, but a cell phone that appears before you on the wings of a magical eagle would be cool too, though I’m not expecting Nokia to start marketing it anytime soon.”

Nice Rebuilt

Clock On Hard Disk

Latest AMD Release

AMD developed the Personal Internet Communicator (PIC) reference design as part of its "50x15 Initiative," which aims to equip 50 percent of the world's population with affordable Internet access and computing capability by the year 2015. It runs a "customized" version of Windows CE, and includes a minimal set of applications.
(Click here for larger image of PIC reference design)
When the PIC reference design debuted in the fall of 2004, AMD touted a target end-user device price point of $185, including a keyboard, mouse, and preinstalled software for basic personal computing and internet/email access; for $249, a monitor would be included. To meet such aggressive price targets, the PIC is designed for minimal cost, much like a consumer audio/video appliance. It is not internally expandable, and includes a minimum set of interfaces, according to AMD.

AMAZING CPUs

some Amazing CPUs (YOU MUST SEE THIS)

iphone

iPhone combines three products — a revolutionary mobile phone, a widescreen iPod with touch controls, and a breakthrough Internet communications device with desktop-class email, web browsing, maps, and searching — into one small and lightweight handheld device. iPhone also introduces an entirely new user interface based on a large multi-touch display and pioneering new software, letting you control everything with just your fingers. So it ushers in an era of software power and sophistication never before seen in a mobile device, completely redefining what you can do on a mobile phone.

Source: http://www.apple.com/iphone/

Intel In Mac

Now every new Mac ships with an Intel processor. Experience delightful responsiveness from the smallest Mac mini to the most beefed-up Mac Pro. Use one of more than 3,000 universal applications that take full advantage of the Intel chip. Run programs from your PowerPC-based Mac in translation. Powered by Intel chips, your new Mac will do all those things that only Macs can do — and do so at an astonishing level of performance.

The new Mac core
Every Mac uses a chip based on Intel Core technology, the next generation in processor design from the world’s leading chip maker. The result of massive R&D effort involving thousands of engineers. An entire collection of revolutions shrunk into an unimaginably small space, consuming less energy, too. Two cores work together to share resources, and are designed to conserve power when their functions aren’t required. Whether in an ultra-sleek MacBook, or workstation class Mac Pro, Intel Core technology lets you get more power with less power.

Four on the floor
And that means pure creative exhiliration with four 64-bit cores inside the new Mac Pro. The Core-based Intel Xeon is so power efficient, that Apple engineers were able to remove the liquid cooling system from the previous Power-PC based model. Which means you can load up the Mac Pro with more cards, more hard drives, more memory. So you can do more with Final Cut Studio, Aperture, Logic Pro, and the growing number of universal applications for creative professionals.

Dual-roar
The Intel Core Duo is actually two processors (cores) engineered onto a single chip —offering virtually twice the computational power of a traditional single processor in the same space. With two cores tightly integrated, increased L2 cache, and a host of engineering breakthroughs, the Intel Core Duo delivers higher performance for all the things you do — from enhancing the family photos to rendering special effects for a feature film.

IT Today

As with other industrial processes , commercial IT has moved in all respects from a custom, craft-based industry where the product was tailored to fit the customer; to multi-use components taken off the shelf to find the best-fit in any situation. Mass-production has greatly reduced costs and IT is available to the smallest company or one-man band - or school-kid.
LEO was hardware tailored for a single client. Today, Intel Pentium and compatible chips are standard and become parts of other components which are combined as needed. One individual change of note was the freeing of computers and removable storage from protected, air-filtered environments. Microsoft and IBM at various times have been influential enough to impose order on IT and the resultant standardisations allowed specialist software to flourish.
Software is available off the shelf: apart from Microsoft Office or IBM Lotus Notes, there are also specialist packages for payroll and personnel management, account maintenance and customer management, to name a few. These are highly specialised and intricate components of larger environments, but they rely upon common conventions and interfaces.
Data storage has also standardised. Relational databases are developed by different suppliers to common formats and conventions.Common file formats can be shared by large main-frames and desk-top personal computers, allowing online, realtime input and validation.
In parallel, software development has fragmented. There are still specialist technicians, but these increasingly use standardised methodologies where outcomes are predictable and accessible. At the other end of the scale, any office manager can dabble in spreadsheets or databases and obtain acceptable results (but there are risks).As with other industrial processes , commercial IT has moved in all respects from a custom, craft-based industry where the product was tailored to fit the customer; to multi-use components taken off the shelf to find the best-fit in any situation. Mass-production has greatly reduced costs and IT is available to the smallest company or one-man band - or school-kid.
LEO was hardware tailored for a single client. Today, Intel Pentium and compatible chips are standard and become parts of other components which are combined as needed. One individual change of note was the freeing of computers and removable storage from protected, air-filtered environments. Microsoft and IBM at various times have been influential enough to impose order on IT and the resultant standardisations allowed specialist software to flourish.
Software is available off the shelf: apart from Microsoft Office or IBM Lotus Notes, there are also specialist packages for payroll and personnel management, account maintenance and customer management, to name a few. These are highly specialised and intricate components of larger environments, but they rely upon common conventions and interfaces.
Data storage has also standardised. Relational databases are developed by different suppliers to common formats and conventions.Common file formats can be shared by large main-frames and desk-top personal computers, allowing online, realtime input and validation.
In parallel, software development has fragmented. There are still specialist technicians, but these increasingly use standardised methodologies where outcomes are predictable and accessible. At the other end of the scale, any office manager can dabble in spreadsheets or databases and obtain acceptable results (but there are risks).

History

The first commercial business computer was developed in the United Kingdom in 1951, by the Joe Lyons catering organization. This was known as the 'Lyons Electronic Office' - or LEO for short. It was developed further and used widely during the 1960s and early 1970s. (Joe Lyons formed a separate company to develop the LEO computers and this subsequently merged to form English Electric Leo Marconi and then International Computers Ltd.)
Early commercial systems were installed exclusively by large organizations. These could afford to invest the time and capital necessary to purchase hardware, hire specialist staff to develop custom software and work through the consequent (and often unexpected) organizational and cultural changes.
At first, individual organizations developed their own software, including data management utilities, themselves. Different products might also have 'one-off' custom software. This fragmented approach led to duplicated effort and the production of management information needed manual effort.
High hardware costs and relatively slow processing speeds forced developers to use resources 'efficiently'. Data storage formats were heavily compacted, for example. A common example is the removal of the century from dates, which eventually lead to the 'millennium bug'.
Data input required intermediate processing via punched paper tape or card and separate input to computers, usually for overnight processing. Data required validation in batches. All of this was a repetitive, labour intensive task, removed from user control and error-prone. Invalid or incorrect data needed correction and resubmission with consequences for data and account reconciliation.
Data storage was strictly serial on paper tape, and then later to magnetic tape: the use of data storage within readily accessible memory was not cost-effective.
Results would be presented to users on paper. Enquiries were delayed by whatever turn round was available.The first commercial business computer was developed in the United Kingdom in 1951, by the Joe Lyons catering organization. This was known as the 'Lyons Electronic Office' - or LEO for short. It was developed further and used widely during the 1960s and early 1970s. (Joe Lyons formed a separate company to develop the LEO computers and this subsequently merged to form English Electric Leo Marconi and then International Computers Ltd.)
Early commercial systems were installed exclusively by large organizations. These could afford to invest the time and capital necessary to purchase hardware, hire specialist staff to develop custom software and work through the consequent (and often unexpected) organizational and cultural changes.
At first, individual organizations developed their own software, including data management utilities, themselves. Different products might also have 'one-off' custom software. This fragmented approach led to duplicated effort and the production of management information needed manual effort.
High hardware costs and relatively slow processing speeds forced developers to use resources 'efficiently'. Data storage formats were heavily compacted, for example. A common example is the removal of the century from dates, which eventually lead to the 'millennium bug'.
Data input required intermediate processing via punched paper tape or card and separate input to computers, usually for overnight processing. Data required validation in batches. All of this was a repetitive, labour intensive task, removed from user control and error-prone. Invalid or incorrect data needed correction and resubmission with consequences for data and account reconciliation.
Data storage was strictly serial on paper tape, and then later to magnetic tape: the use of data storage within readily accessible memory was not cost-effective.
Results would be presented to users on paper. Enquiries were delayed by whatever turn round was available.

Defination

Information Technology (IT) also known as Information and Communication(s) Technology (ICT) and Infocomm in Asia is concerned with the use of technology in managing and processing information, especially in large organizations.
In particular, IT deals with the use of electronic computers and computer software to convert, store, protect, process, transmit, and retrieve information. For that reason, computer professionals are often called IT specialists/ consultants or Business Process Consultants, and the division of a company or university that deals with software technology is often called the IT department. Other names for the latter are information services (IS) or management information services (MIS), managed service providers (MSP).