If you use Canon, you got a free copy of Canon's DPP Raw processing software on CD with the camera.
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I have just bought a Canon EOS 7D, having previously been working with a FinePix s5600. Hence what is becoming an ever steeper learning curve. I got the software CD with the camra as you say but there is a lot on it and wasn't sure if I need to put all of it on my PC. I think I am begining to get my head round the advantages of using RAW insted of Jpeg.
I don't understand the meaning of 'lens aberration' yet but I can see that if a Jpeg file is compressed, then when enlarging a cropped section I would loose less detail if done in the RAW, as it were.
That's not how JPEG compression works, and you will not be able to enlarge an image more by working from the Raw. And enlarging an image - 'cropping' - is a bad idea anyway, that really is throwing away very valuable data.
Compression works by rewriting the image code. For example, if half the picture from your 18mp 7D is clear blue sky (perfectly even toned blue for the sake of this example) then let's say the digital code for that is 0101. In the Raw, that will be written nine million times, but the JPEG will simply rewrite that as 0101x9m, which is a bit shorter, ie compressed, and you have actually lost nothing.
Lens aberrations are lens faults. There are quite a few of them but the common ones are CA (chromatic aberration, or colour fringing), vignetting (darkened corners) and distortion (eg barrel distortion, where straight lines towards the edges are shown as curved outwards).
Canon's DPP knows what lens you're using, what focal length, what f/number etc, and has custom corrections loaded in its database. One click, and they're gone! It works very well indeed.