Serial and parallel interface

Why do we hold serial and parallel interface, in both of them which one was faster and why and when we have to go for this interface?

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Parallel interface works powerfully for short transmittance distance, for longer ranges the link cribs Due to EMI and other interferences.

On the other hand Serial supports longer ranges as this is a sole carrier of bits so long range and slow transmission: serial short range and faster transmission: parallel

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