Data processing refers to the process of collecting and manipulating raw data to yield useful information. Data processing is also the conversion of raw data into machine-readable form and its subsequent processing by a computer. On BusinessDictionary.com, WebFinance gives a general definition of data processing as the operations performed on data to obtain useful information in the appropriate form.Know More
Data processing converts the otherwise unusable data into a useful form. It involves data storage, organization, modification and final presentation of the desired information. Processed data comes in the form of reports, diagrams and tables. In computing, processed data comes in audio, video, graphic, diagrammatic, text and numeric forms.
There are various techniques of data processing, including manual, automatic and electronic data processing. Manual data processing is a traditional form of data processing that involves manual data collection and collection, analysis and presentation, such as bookkeeping and census exercises. Automatic data processing is an almost obsolete data processing technique that was mainly done using electromagnetic devices, such as electric accounting machines and unit record equipment. Electronic data processing is the widespread, modern technique of collecting, manipulating, analyzing and presenting data and information. Electronic data processing is also known as computerized data processing.Learn more about Business Resources
Data analysis refers to the process of applying logical and statistical techniques to evaluate, condense and describe raw data with the sole intent of extractingÂ useful information. There are several different forms of raw data, including observations, survey responses and measurements.Full Answer >
Spreadsheets are used to process and perform calculations of raw data. They are used frequently in the fields of business and accounting.Full Answer >
Automated Clearing House, or ACH, payment processing is an electronic authorization network used by financial institutions to instantly approve funds transfers initiated by businesses or consumers, according to the Consumer Financial Protection Bureau. Payroll direct deposit and automatic bill payment from a bank are common examples of ACH payment processing.Full Answer >
Real-time processing is the processing and output of data as soon as input is received. In contrast, batch processing occurs after all input has been received, with the processing and output completed at a specified time. Whether a company decides to use either real-time or batch processing, there are advantages and disadvantages to both methods.Full Answer >