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On the other hand in online processing, the transactions are recorded at the moment they occur. An application that allows query handling/ responses to updates in system is classified as real time processing system. + Batch Processing: It is defined as a processing of large set of data in a specific way, work day, for example, and then rocesse one go, This could happen at the end of the work day, for example, when computing fapatities are not needed for other tasks. Batch processing is used in producing bills, stock control, producing monthly credit card statements, etc * Online Processing: Data is processed immediately while itis entered, the us hhas to wait a short time for 2 response. (Example: gar systems). interactive or online processing requires a user to supply an input. Interactive or online processing enables the user to input data and get the results of the processing of that data immediately. + Real-time Processing: Real time processing is a subset of interactive or online processing. _Ingut is continuously, automatically acquited from sensors, for example, which is processed in order to respond to the input in as little time as possible, After the system is finished responding, it reads the next set of input data immediately to process that. This system doesn't need a user to control it, it works automatically. Whenever there is a rapid reaction required due to some sort of change, real time processing can take action without the need of a-user or long processing time beforehand. Real time processing is used in warning systems on aircraft, alarm systems in hazardous zones, burglar alarms etc. usually only Applications based on Source of Application The name of category is self-explanatory, as it tells the source from where application has been bought. ‘+ Custom-built Application: Whether they are for one function or integrate processes across the company like an ERP — these are the easiest ones to customize. These applications can however be configured to meet a particular company’s requirements. Customization involves additional coding while configuration is based on settings which are inputted by the user. Example ~ Billing, Inventory, Attendance etc, ‘+ Packaged Software: These are the ‘standard applications which are not free but are licensed. Customization to suit business requirements may or may not be allowed. For Example -Tally, Oracle 9i, etc. Leased application: A new method for getting applications is being used today, i.e. leased applications, where user pays fixed rent for using the application for agreed terms. Many specialized vendors provide users with option to get their job done by paying monthly rent; this is referred to as outsourcing. E.g. MS-Office.Applications based on Size and Complexity of Business This classification is based on the users for whom the application has been developed. Here, the emphasis is on size and complexity of business process. This categorization is again important, as it denotes the basic purpose of any business application. * Small and Medium Enterprise (SME) business: The best software for small and medium businesses is software designed to help them to run their operations better, cut costs and replace paper processes. The most popular software packages include accounts, office productivity, email and communications, but nowadays, mast business activities can be improved through desktop or web-based applications. Large Business: When it comes to other sorts of business software, designed for the larger ‘or more ambitious businesses, a business application being used by a large number of small business establishments in India may not be effective for large business organizations. The business tools that tend to be favored by larger businesses include CRM, for recording customer information and finding out trends in buying habits; and Sales force automation, which helpful for organizing and managing sales teams and leads. Business may also choose to use human resources software; business intelligence and dashboard tools; database management systems; and enterprise resource planning and supply chain management tools. However, these may not be for everyone and can add cost and complexity to small businesses’ IT systems BUSINESS APPLICATION BASED ON NATURE OF APPLICATION Categorization of business applications can be extended based on an individual's understanding and perception of application taken into consideration. Categorizati 3n on the basis of nature of application: ‘+ Customer Relationship Management Software: These are specialized applications helps to manage the organization's relationship with its customer and future customers. for 7 Be(iclay ue Oa rw Office Management Software: These software's help an organization to automate the day- to-day office work and administration and help entities to manage thelr office aie requirements. Example: Word processors (MS Word), electronic spreadsheet (MS Excel), presentation software (Power Point), file sharing systems/ et? >*edrxe ERP Software: These application called as Enterprise Resource Planning software, which are ise ens to manage Stan and maine wie Er La Eee, efficiency and Effectiveness of business operations. meee > Logistics Management Software: These software's are usually used by large logisti managing companies to manage logistics activities. api * Product Lifecycle Management Software: These business applications are used by enterprises that launch new products and are involved in development of new products. + Legal Management Software: These software's are used by legal firms. 19 /evcz We MGC Ce7 Lobde leu Muse dbave Poin€