The process of generating an electric current in a circuit from the magnetic influence of an adjacent circuit as in a transformer or capacitor.
Electrical induction is also the principle behind the write head on magnetic disks and earlier read heads. To create (write) the bit, current is sent through a coil that creates a magnetic field which is discharged at the gap of the head onto the disk surface as it spins by. To read the bit, the magnetic field of the bit "induces" an electrical charge in the head as it passes by the gap. See inductor