Electronic Data Processing

Electronic data processing is a frequently used term for automatic information processing. It uses the
computers to manipulate, record, classification and to summarize data. A computer is the best
example of an electronic data processing machine. Electronic data processing is an accurate and rapid
method.

Advantages of Electronic Data Processing

 The system of electronic data processing is once created then the cost of the managing data will
be reduced. Documents can be protected as an extreme data sensitive. Because of the
documents should be treated as a primary asset. When all the information is collected by the
papers are the challenging one.

 The management of document is costly. So, electronic data processing reduces the cost of the
paperwork. The electronic data processing provides the documentation controls. With the help
of electronic data processing, you can easily automate the PDF publishing process.

 In electronic data processing, there is a facility to search a document in the system. It will reduce
the time loss. The electronic data processing has the benefit to improve the internal and
external collaboration. The electronic data processing helps to improve the better submissions.
The electronic data processing also fast up the complete structure to make the generation of
documents.

 The famous software product such as Ms. Office is using the electronic data processing concept.
The EDP has the facility to reduce the duplication of effort and repeated entries. The EDP has
the capability to make the decisions. An electronic data processing has the ability to store the
enormous amounts of data.

Disadvantages of Electronic Data Processing

 When the computer hackers make the strike on the computer, then the processing of data will
make the insecurity. Then the data will be the loss. The fault in a equipment will harm all the
equipment in the office. The security of the computer would be the big problem. In a coding
process, a computer not recognizes the same individuals.

 When a small number of digit codes are compared with a large number code then, it occupies
the computer storage less. The alphabetic codes can be descriptive.

Magnetic media The various types of media, including magnetic disk and magnetic tape, on which data
recording is effected by writing a magnetic pattern onto the magnetizable surface of the medium. The
term distinguishes these types of media from others that use different recording techniques, e.g. optical
disks and paper tape.
Difference between debt capital and owned capital

Owned capital can be in the form of equity, whereas borrowed capital refers to the company's owed
funds or say debt. ... On the contrary, debt is the sum of money borrowed by the company from bank or
external parties, that required to be repaid after certain years, along with interest