Electronic Data Processing Quiz

Electronic data processing (EDP) refers to the gathering of data using electronic devices, such as computers, servers or calculators. It is another term for automatic information processing.

The concept of EDP has evolved from data processing, or DP, which in an era when most computing input was physically provided to a computing device, usually in the form of punch cards.

Data is widely considered the 'new oil' since it creates numerous opportunities for learning, improvement and advancement, especially for organizations. It contributes to the growth of new technologies and digitization.

<p>Companies need a way to efficiently gather and glean insights from their massive data stacks to leverage the opportunities for learning, improvement and advancement provided by the 'new oil' of data.</p> Signup and view all the answers

<p>The volume of data generated daily in the 21st century is growing at an unprecedented pace, contributing to a data explosion. Some estimates suggest that the size of the global datasphere will be of the order of several hundred zettabytes -- 1 ZB = 1 trillion gigabytes -- within the next few years.</p> Signup and view all the answers

<p>The difference between electronic data processing (EDP) and automatic information processing is that EDP specifically refers to the gathering of data using electronic devices, such as computers, servers, or calculators, while automatic information processing is a broader term that encompasses any process that automatically processes information, whether electronic or not.</p> Signup and view all the answers

<p>The concept of EDP has evolved from data processing (DP) in an era when most computing input was physically provided to a computing device, usually in the form of punch cards. With EDP, the input and output processes are done electronically, using devices like computers and servers.</p> Signup and view all the answers

<p>The significance of the volume of data generated daily in the 21st century is that it is growing at an unprecedented pace, with estimates suggesting that the size of the global datasphere will be several hundred zettabytes within the next few years. This growth is attributed to increasing digitization and the emergence of new technologies.</p> Signup and view all the answers

<p>Data is widely considered the 'new oil' because it creates numerous opportunities for learning, improvement, and advancement, especially for organizations. The analogy to oil is drawn from the idea that data, like oil, has the potential to fuel innovation and drive economic growth.</p> Signup and view all the answers

<p>Companies need efficient data gathering and analysis tools, as well as the capability to glean insights from their massive data stacks. This can include technologies such as big data analytics, machine learning, and data visualization tools.</p> Signup and view all the answers