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Overview
Online transaction processing or OLTP for short is referred to as a kind of system which manages transaction-oriented applications. This term can be interpreted into two, first is that OLTP is used on the context of computer or on transactions to database and second is for business transactions. Online transactions processing or OLTP is engaged in data entry and recovery transactions processes. It has been traditionally use to aid instantly the requests of users. This kind of system provides users with fast access on their requests as well as fast mode of transaction. A good example of transaction processing application is the automatic teller machine also called as ATM wherein users can get the money they need in just a matter of minutes. OLTP applications are nowadays used in numerous industries such as banking, mailing, and manufacturing as well as on other establishments like airlines and supermarkets. Electronic banking, processing of orders and online business making are some of the services that OLTP can offer to users.
OLTP Requirements
The same as any other system, OLTP has to submit some requirements to make it work. As transaction increase there is also a need to increase the supports which online transaction processing needs. These supports can be provided by network which may include more than one company. To provide such support several online transactions processing software makes use of server which would allow transactions to run on different computer in one network.
The need for support differs from how sophisticated or complicated as certain transaction has. In large applications, OLTP may engage on sophisticated transaction management software or database optimization tactics to manage the processing of greater number of transactions.
Gains
Online Transaction Processing or OLTP can provide users with several gains. One is its simplicity, OLTP provide users with the ease of using such system. It has features which are made out of easier program and instructions hence there is no need for users to fear of using such. Aside from the simplicity it can offer, it is also efficient. It reduces paper trails and proved fast and more exact forecasts for expenses, revenues and other applications. It also functions not only on one computer but simultaneously on multiple computers. The works are faster and help in accommodating clients at the same time. Indeed, online transactions processing makes things simpler for businesses.
Drawbacks
Since online transaction processing is involved or engaged on storing and distributing information system there is a tendency for it to be vulnerable from viruses available online. The security of information might be at stake if there is no strong software that can fight these viruses and may cause even great problem if the antivirus software fails to defeat such viruses. There might be a great tendency for the information on transaction system or database to be corrupted or there could be system failure of network issues. Hence, in using OLTP users must also provide or make sure that the transaction system is protected by antivirus software.
