EDP

EDP, or Electronic Data Processing, refers to the automated handling of data using computers and software systems. It involves collecting, storing, analyzing, and managing information efficiently, replacing manual methods like paper records. EDP streamlines business operations, improves accuracy, and speeds up decision-making by processing large volumes of data quickly. For example, banks use EDP to manage accounts and transactions, while retail stores track inventory. Overall, EDP enhances productivity and accuracy by leveraging technology to manage information systematically.