Final answer:
Batch processing involves accumulating transactions and submitting them as a single batch, while online, real-time processing provides up-to-date information. Batch processing is suitable for large scale processes and is easy to interpret and communicate.
Step-by-step explanation:
Batch processing and online, real-time processing are two different methods used in computer systems to process data.
Batch processing involves accumulating a set of transactions and submitting them as a single batch to the computer for processing. This method is suitable for large scale processes and is commonly used in tasks such as payroll processing. Batch processing is highly adaptable and easy to interpret and communicate.
In contrast, online, real-time processing allows for the latest information to be available at all times. This method is used when immediate processing and response is required, such as in online banking or airline reservation systems. Online, real-time processing is based on information theoretic approaches and provides up-to-date data.