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EDP CFO & Cloud Computing

EDP was the origin of computing in business, it was the acronym for "Electronic Data Processing", The  EDP department was a busy factory during salary computation, closing of the financial books and also month end sales and inventory management and finally MIS (Management Information System) . There were no Microsoft workstation in those days, no lotus 123 just reams of printout in high speed printers which were transferred neatly into transparencies with marker pens ! The EDP was always under the control of the CFO - the chief financial office and EDP manager was a powerful person who had to be reliable and accomplished in technology. EDP began with punched cards, then tapes and so on ; today they are relics, but the EDP department was the temple of information, it was the knowledge bank of the business and access to it was restricted. The CFO was the lord and master of the EDP department because the first baby steps of data processing was accounting,...