1. What is CDP?
Commercial
Data Processing is the use of powerful computer systems to collect and
process large volumes of data at high speed.
Most
large companies and organisations use a mainframe computer which processes
data very quickly and can store vast amounts of data that large companies
require.
Banks
and other organisations deal with millions of pieces of data each day.
CDP
is used for:
- Stock
control keeping track of what a shop has to sell.
- Calculating
wages and making up payslips
- Keeping
track of orders
- Producing
invoices
- Monitoring
payments and withdrawals
- Processing
application forms
- Producing
statements
CDP
makes it possible for businesses to keep accurate, up-to-date records
of thousands of customers that can be accessed straight away. This ensures
that a company operates as efficiently as possible.
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