Information technology has evolved significantly from the 1960s to today. It began as a little known term used by banks and hospitals to store information, but now IT defines a global industry. By the early 21st century, nearly every child in developed nations knew how to use computers. Businesses transitioned from isolated computer systems to interconnected networks storing information remotely. IT systems now include transaction processing, management information, decision support, office automation, and expert systems to store, process, transmit and protect organizational data. Advances in computing hardware and software have increased computing speeds, storage capacities, and versatility for solving complex problems.