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Serial transmission is where one bit is sent at a time.
Serial transmission uses a single wire to send data one bit at a time.
Diagram 1 shows an example of serial transmission.
Diagram 1
Parallel transmission is where multiple bits are sent at once.
Parallel transmission uses multiple wires to send a lot of data simultaneously. This seems better than serial transmission, but in reality it's a lot worse:
Therefore, serial transmission is cheaper, faster, and more reliable than parallel transmission.
Where might parallel data transmission be used instead of serial transmission?
Over short distances, such as the control buses inside a computer, because the effects of data skew are negligible.