OLTP applications

OLTP applications help in the processing and management of transactions. Some of the most widely used OLTP implementations can be found in retail sales, financial transaction systems, and order entry. These applications perform data capture, data processing, data retrieval, data modification, and data storage. Let’s dive into transactional data a bit further.

Transactional data

The capture and usage of data that encompasses a record of business interaction is generally referred to as a transaction. Information related to creating purchase orders, sales at a cash register, a deposit at a bank, or collection of a bus fare can all be considered transactional. Systems that manage this type of data can vary in size dependent on the volume of transactions handled, as well as regional location requirements, the structure of data being stored, the security requirements for storing and processing the data, or consistency requirements that mandate near-real-time...