describe data processing cycle at a bank
Answers
All the virtual world is a form of data which is continuously being processed. Data Processing Cycle is term used to explain the sequence of steps or process used to process the raw data. “Data” is the next big thing which is set to cause a revolution. The growth of various sectors depends on the availability of data, processing and reliability of data sources. This continuous use and processing of data follow a cycle. This might provide results instantaneously or take time depending upon the need of processing data. The complexity in the field of data processing is increasing which is creating a need for advanced techniques. Big Data is another big push in this field. All the companies are coming under one roof for data mining, data management and processing it and making their services better or reaping more profits