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As well has a different meaning from and.

As well is used mostly in spoken English. In written English, people usually prefer to use also:

Parents are also welcome.

And apart from that, as well as is also slightly different from as well:

as well as something/somebody: in addition to something or someone else

Your final sentence won't turn into a false meaning if you replace as well as with and; however that sentence wants to imply that "not only this algorithm is capable of processing text, but also it can process binary files, [too]."

Reference from LDOCE

As well has a different meaning from and.

As well is used mostly in spoken English. In written English, people usually prefer to use also:

Parents are also welcome.

And apart from that, as well as is also slightly different from as well:

as well as something/somebody: in addition to something or someone else

Your final sentence won't turn into a false meaning if you replace as well as with and; however that sentence wants to imply that "not only this algorithm is capable of processing text, but also it can process binary files, [too]."

Reference from Subscription-Only LDOCE

As well has a different meaning from and.

As well is used mostly in spoken English. In written English, people usually prefer to use also:

Parents are also welcome.

And apart from that, as well as is also slightly different from as well:

as well as something/somebody: in addition to something or someone else

Your final sentence won't turn into a false meaning if you replace as well as with and; however that sentence wants to imply that "not only this algorithm is capable of processing text, but also it can process binary files, [too]."

As well has a different meaning from and.

As well is used mostly in spoken English. In written English, people usually prefer to use also:

Parents are also welcome.

And apart from that, as well as is also slightly different from as well:

as well as something/somebody: in addition to something or someone else

Your final sentence won't turn into a false meaning if you replace as well as with and; however that sentence wants to imply that "not only this algorithm is capable of processing text, but also it can process binary files, [too]."

Reference from LDOCE

as well has a different meaning from and.

As well is used mostly in spoken English. In written English, people usually prefer to use also:

Parents are also welcome.

And apart from that, as well as is also slightly different from as well:

as well as something/somebody: in addition to something or someone else

Your final sentence won't turn into a false meaning if you replace as well as with and; however that sentence wants to imply that not only this algorithm is capable of processing text, but also it can process binary files, [too].

As well has a different meaning from and.

As well is used mostly in spoken English. In written English, people usually prefer to use also:

Parents are also welcome.

And apart from that, as well as is also slightly different from as well:

as well as something/somebody: in addition to something or someone else

Your final sentence won't turn into a false meaning if you replace as well as with and; however that sentence wants to imply that "not only this algorithm is capable of processing text, but also it can process binary files, [too]."