Electronic Data Processing In Business

NEED OF ELECTRONIC DATA PROCESSING

Today, no business can exist without information. There is no more business without information. To improve the business there is a need to improve data processing and information system. Now it’s the age of competition that involves information technology for faster and accurate data processing. These days computer is playing a main role in every field of life. It is also playing a central role in business. In business, a large amount of data has to be processed daily. It is impossible to process such a large amount of data without a computer.

Explain importance / need of electronic data processing in business

We know that a computer can process data accurately and quickly. The need of data processing in business is clear. Following are the reasons:

1) RECORD KEEPING

An organization cannot exist without records. Record keeping is a difficult and complex problem. Electronic data processing has simplified it. Receiving, storing, processing and retrieving records is now a matter of seconds.

2) ACCESSING AND SEARCHING RECORDS

We can access desired record rapidly. In manual processing it will take many days to search for specific records. With the help of computer records can be searched with in seconds or minutes.

3) DATABASE SYSTEMS

Electronic data processing is used to maintain a database for a business organization. Database is reliable resource of data and information.

4) COMMUNICATION

Users can send emails, faxes and access internet.

5) COST

In electronic data processing, the cost of processing is 10 times less than that of manual or mechanical data processing. A few can do the whole data processing with the help of computer.

6) SPEED

In a large business organization, thousands of records are processed daily. This cannot be done manually. Computer can do this work at a great speed.

7) ACCURACY

Speed with accuracy is the prime goal of data processing. Computer can large amount of data with 100 % accuracy. Errors and mistakes are associated with human beings.

8) NO REPETITION

In manual data processing there are repetition of same records in many files. But in electronic data processing there is no repetition of records.

9) PAYROLL, ACCOUNTING, STOCK SYSTEMS

In every business organization there is record keeping for pay of employees, stocks and accounting system. These systems can be maintained efficiently with electronic data processing.

10) REPORTS

The business data is analyzed by computer. Computer generates reports that are used by management for decision-making.

You would also like to read:

Define data and information with examples
Explain difference between data and information
Explain data processing cycle. What is data processing cycle?
Explain Different types of data processing. What are different levels of data processing?
What is the need / importance of electronic data processing in business?

Explain different types of storage devices

Topic: Explain different types of storage devices in Computer systems Storage Devices Storage devices are used to store data and instructions permanently. Storage devices are also called secondary storage devices / backing storage devices / external storage devices or auxiliary storage devices. Examples of storage devices include Hard Disk, CD and DVD etc. Why Secondary Storage Devices are Used? Secondary storage devices are used because: Primary memory(RAM) is volatile and temporary. When computer is switched off, all data in ram is erased. Storage devices can store large amounts of data and instructions permanently whereas Primary memory has less capacity of storing data. Types Of Storage Devices There are three main types of storage devices: Magnetic Tape Magnetic Disk Optical Disk Flash Memory storage devices 1. Magnetic Tape Magnetic tape is the oldest storage device. It is made of plastic coated with magnetic material. Data is stored on mag

What are uses of computer at Home

Uses of Computer Today, computer is used in almost every field of life. The use of computer has made different tasks very easy for us. Computer can be used at home in the many different ways. Explain different uses of computers at Home Computer has made a very vital impact on our society. People are using computers for performing different tasks quickly and easily. In fact, computer has made our life more comfortable. Uses of Computer at Home Computer can be used at home in the following ways: 1. Home Budget Computer can be used to manage the home budget. What are the Uses of computer at home You can easily calculate your expenses and income with the help of a software like Microsoft Excel. In MS Excel you can prepare a simple worksheet to calculate your daily expenses and income. 2. Computer Games An important use of computer at home is playing games. Different types of games are available. And if you have internet connection, then you can play games online

Find Your Correct Age From Date of Birth

First of all click on First two digits to type Month number from keyboard like any number from 1 to 12. . Now click on next two digits and type day number of month that is date from 1 to 31. In the last step type the year of your birth in four digits like 1995. Now click on the blue button with text "Calculate Age". Your accurate age will be displayed below the button. For example. If today is 09-16-2023 that is September 16, 2023 and you type birth date as 11-01-2000 that is November 1, 2000, your accurate age will be displayed as:Your age is 22 years, 10 months, and 15 days. Age Calculator Age Calculator Calculate Your Age Now! Enter your date of birth: Calculate Age As shown in the image below:

Perfect Computer Notes

Search This Blog