Question

describe the data processing cycle of a bank?

Answer 1

The Data Processing Cycle is a series of steps carried out to extract information from raw data. Although each step must be taken in order, the order is cyclic. The output and storage stage can lead to the repeat of the data collection stage, resulting in another cycle of data processing.

Answer 2

Data processing is a process of transformation of raw data into a meaningful output.

The managers of the more progressive industrial firms early recognized the advantages that might be gained through the use of digital and analog computers to supervise and control manufacturing and production operations.