>>106016612 (OP)You're not going to be streaming data from the tape to the CPU for processing, no, but you can copy data into memory as needed.
Data on tape is also often referred to as "files" and have header data attached, so your program can "look for" the specific data it is after on the tape, though if you have a large tape (like a 30 minute per side one) just setting it playing and letting the program find the correct file would be very slow. You'd want the program to tell you what the next file is and have an idea where that is on the tape so you can seek to it.
>>106016676Depending on the encoding format you use there can be a lot of overhead on tape data, though.
The format that Sharp used (a PWM based one) had something like 15 seconds of gap per "file" saved, 9 seconds before the header data and 4.5 seconds between the header and the file data itself. So you could easily have more time waiting in the gaps than spent reading the data itself.