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EDP: Electronic Data Processing

The full form of EDP is Electronic Data Processing. It is the automatic processing of data by a computer and its programs in an environment that involves electronic communication. Electronic data processing (EDP) is synonymous with IS (information services or systems) or MIS (management information services or systems). It was created with the term DP (data processing). EDP refers to the processing of business data, document storage, transfer of information from paper to digital format using a computer involving electronic communication. For example: stock updates applied to an inventory, bank transactions applied to the master account and customer files, reservation transactions and ticketing in an airline’s reservation system, charging for public services.

The main advantage of using EDP is cost-effectiveness, the total long-term cost of managing data through EDP is less. Another benefit is speed: the information stored and managed by EDP can be retrieved quickly. In today’s electronic world, the use of the term EDP is not that much in the field. In almost all fields, the use of computers is very high. To transform raw business information into the digital platform, companies hire employees to enable them to deliver products and services to their customers and clients in a timely and well-organized manner.

Other full forms of EDP