Final answer:
Real time processing is a type of data processing that occurs instantly, allowing for immediate responses to changes in data. It is commonly used for routine transactions in large numbers.
Step-by-step explanation:
Real time processing is a type of data processing that occurs instantly or very quickly, allowing for immediate responses to changes in data. It is commonly used for routine transactions in large numbers, such as credit card transactions or stock trading.
For example, when you make a purchase using your credit card, the transaction is processed in real time. The transaction is instantly verified, and if approved, the payment is deducted from your account.
In contrast, batch processing, which is used for tasks that are not time-sensitive, collects and processes data in groups at scheduled intervals. It is commonly used for tasks like payroll processing or generating monthly reports.
The assertion that real-time processing is used for routine transactions in large numbers is true. Real-time processing refers to the immediate processing of data upon entry or receipt. It is a critical function in environments where it's necessary to process large volumes of transactions quickly and efficiently, such as in banking systems, reservation systems, and point-of-sale systems in retail. For instance, when you use a debit card at a grocery store, the transaction is processed in real time to immediately reflect the balance in your bank account and provide the retailer with authorization.