Word: computerize
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Dates: during 1970-1979
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"Let's see," says Otto Eckstein entrepreneurial economist, "how many clients are speaking with our computer at this moment." The good doctor presses a shiny gray key of a Burroughs 7700 computer, and out whirs the answer: 113. Then he touches another key, and the computer spits the names...
In scarcely eight years in business, Eckstein has recruited 520 such clients, including two-thirds of the 100 largest U.S. manufacturers, most of the big banks, and plenty of brokerages, utilities, state agencies and, increasingly, foreign governments and corporations. At any time of day, 70 to 120 of them are...
The questions put to DRI's computer range from economic esoterica ("What is the price of strawberries in Manitoba?") to the effects of broad economic trends on specific products ("How will the change in personal income for August alter the price of chlorine?"). Eckstein, a member of TIME'...
Kate L. Hable '01 repeatedly received an error message from her computer when she attempted to section each of her four classes.
"I had to try for several days before I gave up and used a friend's computer," she said.