Perhaps you're referring to DVR's, the Digital Video Recorders which are now replacing analog security VCRs at some financial institutions?
If so, I can outline some benefits and some disadvantages for you. I won't pretend to be impartial, because I work for a firm that makes money selling and servicing security equipment.
Pros for Digital:
-The picture quality can for outstrip tape.
-There are no tapes to go bad. (Hard drives do fail, but less than VCR tapes.)
-Many DVRs let you dial in and retrieve pictures from your desk hundreds of miles from the site.
-Many DVRs can be electronically monitored from a central site, allowing your security staff to take immediate action on disabled units.
-Less labor for on-site staff. No tapes to change!
-Also, you can just request "October 02, 2002, 10:00AM, Camera 7" or similar from many DVRs without having to find the right tape and then fast-forward to the right frame. Of course, you can search a period of time surrounding an event too if you have to.
Cons for Digital:
-Due to the lack of swappable tape, most DVR systems only store pictures for 3-6 months. Unless you order extra hard drives, you can't archive a year like some banks are fond of doing.
-Cost. Cheap VCRs are cheaper than the cheapest DVR, although the price difference between a good, reliable security VCR and a low-end but reliable DVR may be smaller than you'd think.
-Your staff will need to learn how to retrieve pictures on the DVR, and it is different than the old VCRs. It's not too hard though, and many have friendly Windows-style interfaces.