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

For further queries or information regarding the GATE exams and other reference materials such as Gate Previous Year Question Papers, books and GATE Syllabus, candidates can stay tuned to BYJU’S.