It's funny how quickly we adapt to new technology. Just a bit over two decades ago, Ken Olsen, the president of then-giant minicomputer vendor Digital Equipment Company, wondered, "Why would anyone want a computer on their desk?"Today, pretty much everyone has a computer on their desks, and DEC is long gone, having been bought by Compaq, which in turn was acquired by Hewlett Packard.

Back in the DEC days, accounting software was widely available, for many thousands of dollars and months of installation and implementation. Today, anyone with a few hundred dollars can walk into Costco, Staples or numerous other stores and purchase a much more powerful accounting system than what was available then for most minicomputers.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access