IMPACT OF COMPUTERIZATION IN A BANKING INDUSTRY
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF STUDY
Alvin Tofler, one of the most successful of contemporary popularizes has proclaimed the arrival of an “adhocratic” society.
This expansive vision of nearly emerging post industrial order, mirroring that of Daniel Bell is encapsulated in Tofler’s view that we are living through a period of massive societal development.
First wave of agricultural revolution and the second wave of industrial revolution development in the world over is now being superseded by an third socio-economic ware, even through the industrial revolution is still in progress in most part of the third world countries. This new socio-economic shift termed third ware is the arrival of computer revolution.
This means that humanity faces quantum leap forwards as we engage in building a remarkable new civilization from group up.
Definition of computer: the oxford dictionary defined computer as an electronic device which stores information on e.g magnetic tape, analysis it and produces information as required from the data on tapes or deistic.
While the American Heritage dictionary of the English language defined it as a service that computes especially as electronic machine that performs high speed mathematical or logical calculations or the assembles, store correlates or otherwise processes and prints information derived from loaded data in accordance with a predetermined programme.
This implies that although computer has no brain of its own to reason live human beings, it performs complete mathematical problems as fast as possible even faster than the human brain.
The computer is an advanced technological convention which as evolved as a product of our modern day society.
The above statement not withstanding, he public still approach the course with apprehension and in some cases develop absolute fear for this device. The reason being that the computer came upon the whole world so quickly that it now affect our various lives in so many ways. This compile with
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The widespread dissemination of the COVID-19 virus has thrown the world's nations, including Nigeria, into a health crisis. The implementation of lockdown measures was deemed the best solution for countering the virus's dissemination.
This study on the impact of Covid-19 on Banking sectors will in doubt be of great significance to the entire banking sectors as the study was carried out the unveil the trauma banks suffered as a result of this unforeseen outbreak of Covid-19.
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