Computers and accompanied technology are crucial in making well-informed management decisions, such as layoffs and profit figures, that are otherwise difficult for humans to make on their own. Computers process information faster and more accurately. Negative effects of computers include the high cost of purchasing computer equipment and loss of employment.
Computers have brought about efficiency and convenience in accomplishing many tasks. People are able to store all of their files on their computers, making it easier to move around with them as compared to carrying stacks of files. Information from a computer can easily be retrieved. Computers have made it easier and more efficient for people to share information. In the past, people were required to take documents physically from one point to the other. Use of a network allows users to share files.
Disadvantages of computers include associated criminal activities. Cyber crimes, such as identity theft, embezzlement and hacking, have increased the insecurity of doing business online. With the use of computers in decision-making, some employees may feel that their skills are not valued, and this may lower their morale. Apart from the high cost of acquiring computer components, the cost of hiring professionals such as programmers may hurt a company. At the same time, some programs require regular updating to the current version in order to be functional, which may have cost implications. Viruses spread from one computer to another throughout a computer network, leading to loss of data and damage to hardware.