information processing vs IP

information processing and IP both are nouns.

Word	Noun	Adjective	Verb	Adverb
information processing	Yes	No	No	No
IP	Yes	No	No	No

As nouns, information processing and IP are synonyms defined as:

information processing and IP: the sciences concerned with gathering, manipulating, storing, retrieving, and classifying recorded information

Other synonyms of information processing include informatics, information science.

information processing (noun)	IP (noun)
the sciences concerned with gathering, manipulating, storing, retrieving, and classifying recorded information	the sciences concerned with gathering, manipulating, storing, retrieving, and classifying recorded information