Compensation Data Facts - What's What in Compensation
DID YOU KNOW?
Management consulting continued... The debut of the IBM 5150 in August 1981 sparked the computer revolution as personal computers made their way into schools, homes and businesses. The use of computers led to new problems for clients and in response a new management consultancy service emerged: IT consultancy.
By the late 1980s, many businesses were dependent on computers and digital technology. An MIT survey conducted in 1988 found 10-15% of top executives had computers in their offices, but only 50% knew how to operate them. This was great news for the management consulting industry and the estimated 18,000 people they employed. Firms adapted to the Digital Revolution, also referred to as the Third Industrial Revolution, by offering both management and technology consulting services.
In 1984, a U.S. Census Bureau survey showed that 8.2% of all U.S. households owned a personal computer, and that households with children under the age of 18 were nearly twice as likely to own one at 15.3%. Five years later those numbers almost doubled with 15% of U.S. households owning a computer, and nearly 30% of households with children under the age of 18 owning one.