The advent of the database is perhaps the most valuable thing that has come out of the computer age. The power of information brought to us in every increasing speeds and volumes has increased our ability to make money like never before. Information for the businessman is everything and so the database provides him more power to work with his everything.
Database technology is simply the storage of material and information in such a way as to increase the speed of retrieval on demand and to compare and make useful inferences on a large volume of data. Computers as long as they are equipped with enough memory are capable of housing more information than we can give them and in the space of virtually no space. Gone are the days of libraries that cover acres of land and go up multiple stories to hold all of the volumes of information that they do. Soon libraries will be virtual, contained on a server some where and completely accessible via a personal computer.
In statistics the more data you have the better your information isthat is the less affected by chance in a negative way. The better your information is the easier it is to make decisions about the next step...
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