EDP Full Form
What is the full form of EDP?
The full form of EDP is Electronic Data Processing. EDP is the term used to describe data collection using electronic equipment like computers, servers, or calculators. It is another name for automatic data processing. It also entails data analysis, output summarisation, and recording in a form humans can use. Most businesses nowadays choose electronic data processing (EDP) because it offers benefits, including better control, quicker responses, better customer service, and time and money savings. One of the most prevalent applications of EDP in the present era is the warehouse stock monitoring and logistics system.
History of EDP
In 1951, Lyons Electronic Office (LEO) created the first commercial business computer in the UK. Data could only be entered at that time using punched tape or cards. These punched cards had to be made separately. Processing business data requires a lot of time and effort.
At first, each firm developed its custom data processing software. Punch cards were taken out with the introduction of microprocessors, which also made it possible to process data electronically using affordable desktop computers.
Stages of EDP
The stages of EDP are as follows.
Keyboards, scanners, digitisers, and other input devices process the data before it is entered into a system.
Software programs are used to manage the information and frequently entail translation, code implementation, equations, authentication, and other operations.
After processing, the information is delivered to the customer in audio, reports, video, and so forth.
Uses of EDP
Electronic data processing has a wide range of applications. Among the most popular are:
Keep a record of the customers' preferences, purchase history, and contact details.
To keep track of shipments and manage inventories.
Create and maintain digital content, including documents, videos, and images.
To build and maintain databases for research.
To organise and monitor communications like faxes and emails.
Advantages of EDP
The primary benefit of EDP systems is that they enable the business to quickly handle and analyse huge amounts of data. EDP tools also lower the cost of managing and storing paper documents because they eliminate the need for actual storage facilities, printing, couriering, etc.