North America’s successful T+1 settlement transition offers crucial insights for Europe and Asia. Learn the challenges, disparities, and key areas for...
What is Automated Data Processing
Automated data processing refers to the use of computer systems and technology to perform tasks related to the manipulation, storage, and retrieval of data without direct human intervention and manual processes. This involves the use of software applications and algorithms to automate various data-related activities, such as data entry, validation, reconciliation, transformation, and analysis. Automated data processing systems enhance efficiency by accelerating data processing tasks, minimizing errors, and allowing for the swift execution of repetitive operations. These systems are integral in modern business environments, providing a streamlined and accurate approach to handling large volumes of data for decision-making and operational purposes.