What are the advantages of parallel computing?

Question :

What are the advantages of parallel computing?

Parallel computing is a type of computation in which many calculations or the execution of processes are carried out simultaneously. Large problems can often be divided into smaller ones, which can then be solved at the same time. It refers to the simultaneous working of multiple processors to solve a computational problem. Its advantages are –

(i) It saves time and the cost too.

(ii) It makes easier to solve larger or complex problems.

(iii) It provides efficient use of underlying hardware.

(iv) It can utilize the resources available remotely.