What is the full form of OLTP?
The Full Form of OLTP is Online Transaction Processing.
A data processing method that carries out transaction-oriented tasks, OLTP plays a crucial part in business intelligence, thus helping with decision-making. The online transactions and processing of queries are executed with the help of the database systems. This constitutes real-life functions like banking, purchasing, accounting, and so on. Therefore, OLTP with high performance is utilized widely by IT professionals.
History of OLTP
- 1970- IBM launched OLTP and made it operational for American Airlines
- OLTP was at first operating on IBM 7090 computers
- OLTP then started to function on credit card companies, banks, hotels, and so on.
Characteristics of OLTP
- The requirements on OLTP systems are high availability offerings incorporated with the ones offered by the SQL server
- Information in the OLTP systems are stored at the transaction level
- Features a normalized design for the database
- OLTP functions well using significantly less quantity of information
- It is helpful for small transactions
- Response time is significantly less in OLTP systems
Advantages of OLTP
- OLTP is quicker and more accurate
- It can operate huge quantity of information
- Compatible with calculations that are complex
- User-friendly and very easily to operate
- Very efficient with fast response time
Disadvantages of OLTP
- The system is likely to be vulnerable to cyberattacks or hacking
- If ever there is an issue with hardware or some failure of power, there is a probability of information loss
- It becomes difficult to manage multiple requests simultaneously
- The excess load may result in hanging of servers