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In 1961, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately US$400,000. [3] The company established a subsidiary in the United Kingdom in 1965.
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A data processing system is a combination of machines, people, and processes that for a set of inputs produces a defined set of outputs. The inputs and outputs are interpreted as data, facts, information etc. depending on the interpreter's relation to the system. A term commonly used synonymously with data or storage (codes) processing system ...
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AIDC is also commonly referred to as "Automatic Identification", "Auto-ID" and "Automatic Data Capture". AIDC is the process or means of obtaining external data, particularly through the analysis of images, sounds, or videos. To capture data, a transducer is employed which converts the actual image or a sound into a digital file. The file is ...
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But ...
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