EDP, or Electronic Data Processing, refers to the automated handling of data using computer systems. Its advantages include increased efficiency and accuracy in data management, reduced processing time, and the ability to analyze large volumes of data quickly. However, disadvantages can include high initial setup costs, reliance on technology which may lead to vulnerabilities, and potential data privacy concerns. Additionally, it may require ongoing maintenance and skilled personnel to manage the systems effectively.
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EDP can be defined as Electronic Data Processing. This method eliminates almost all possibilities for human error when typing data into a computer. But, there is a chance for error when the information given to be processed is false.