What technology facilitates the exchange of electronic data? 🔊
The technology that facilitates the exchange of electronic data is EDI (Electronic Data Interchange). EDI standardizes the transfer of data between different organizations through various formats and protocols. This technology reduces the need for manual entry, improves accuracy, and accelerates transaction speed. It is widely used in industries such as retail and logistics to streamline processes like order processing, invoicing, and shipping. By enabling seamless communication, EDI enhances operational efficiency and supports better business relationships.
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