Online Transactional Processing
What is OLTP?
OLTP (Online Transactional Processing) is a type of real-time data processing meant for transaction-related tasks such as financial transactions, retail orders, and CRM (Customer Relationship Management) entries. It is used for modifying data transactions in real-time such as inserting, updating, or deleting data in a database.
What is the importance of OLTP?
OLTP systems help in capturing, storing, and processing transactional data in real-time.
It is useful for dealing with large volumes of transactions from end-users for running day-to-day business activities and operations such as sales. OLTP systems are used in customer-facing applications by frontline business users across industry verticals. It is ideal for handling simple standardized queries.
What are the benefits of OLTP?
- OLTP facilitates quick, real-time, accurate data processing for massive volumes of daily transactions from many online users.
- It has a lightning-fast response time and requires less storage space.
- It is simple to use and is designed for front-line business users.