Definition§
Lotus 1-2-3 is an integrated computer software package that combines the functionalities of a spreadsheet with data management and graphics capabilities. Developed by Lotus Development Corporation, Lotus 1-2-3 became one of the pioneering business decision-making tools recognized for its efficiency and ease of use in managing complex data and executing calculations.
Examples§
- Budgeting and Forecasting: Lotus 1-2-3’s spreadsheet functions enabled businesses to create intricate budgeting and financial forecasting models.
- Data Analysis: Companies used Lotus 1-2-3 to perform data analysis, generating pivot tables and graphical data representations for better insights.
- Inventory Management: Retailers utilized Lotus 1-2-3’s data management capabilities to track inventory levels and manage supply chain logistics effectively.
Frequently Asked Questions (FAQs)§
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What is Lotus 1-2-3 known for? Lotus 1-2-3 is known for its spreadsheet functionalities, which combine data management and graphics capabilities, making it a top choice for business decision-making tasks in its prime.
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When was Lotus 1-2-3 popular? Lotus 1-2-3 gained popularity in the 1980s and early 1990s, becoming a staple in business environments for handling spreadsheets and data-related tasks.
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What company produced Lotus 1-2-3? Lotus Development Corporation, a software company known for innovation in business software, was responsible for developing Lotus 1-2-3.
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Can Lotus 1-2-3 still be used today? While Lotus 1-2-3 is largely obsolete with more advanced tools available, some legacy systems may still use it. Modern spreadsheet applications like Microsoft Excel have largely replaced it.
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What were the key features of Lotus 1-2-3? Key features included spreadsheet functionality, integrated data management, and graphing capabilities, which helped it stand out in the market during its time.
Related Terms§
- Spreadsheet Software: Programs like Microsoft Excel that allow users to organize, manipulate, and analyze data in tabular form.
- Data Management: The process of gathering, storing, and using data efficiently and securely.
- Graphics Software: Tools used to create and manipulate images, charts, and visual representations of data.
- Business Decision-Making Tools: Software and tools that assist managers in making informed business choices.
Online Resources§
Suggested Books for Further Studies§
- “Spreadsheets on the PC: Lotus 1-2-3 and Five Other Popular Packages” by Steve Lambert - A thorough guide on using various spreadsheet software with practical examples.
- “The Lotus 1-2-3 Handbook” by Que Publishing - Comprehensive and detailed manual on the use and features of Lotus 1-2-3.
- “Using Lotus 1-2-3” by Lisa Wood - A user-friendly guide with step-by-step instructions on harnessing the full potential of Lotus 1-2-3.
Fundamentals of Lotus 1-2-3: Computers and the Internet Basics Quiz§
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