This document provides an overview of computers and their applications in business. It discusses what a computer is and its key characteristics like accuracy, speed, storage and versatility. It then covers the major components of a computer like the CPU, memory and input/output devices. The document also outlines common areas where computers are applied, such as banking, business, hospitals and entertainment. It provides details on the IPO cycle and concludes with definitions of hardware, software and different types of operating systems.