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A Transaction Processing System (TPS) is an information system that collects, stores, modifies, and retrieves the data transactions of an enterprise. Transaction processing systems also attempt to provide predictable response times to requests, although this is not as critical as real-time systems.
Transaction processing guards against hardware and software errors that might leave a transaction partially completed. If the computer system crashes in the middle of a transaction, the transaction processing system guarantees that all operations in any uncommitted transactions are cancelled. Generally, transactions are issued concurrently.
An OLTP system is an accessible data processing system in today's enterprises. Some examples of OLTP systems include order entry, retail sales, and financial transaction systems. [5] Online transaction processing systems increasingly require support for transactions that span a network and may include more than one company.
Since the early 1990s, the operational database software market has been largely taken over by SQL engines. In 2014, the operational DBMS market (formerly OLTP) was evolving dramatically, with new, innovative entrants and incumbents supporting the growing use of unstructured data and NoSQL DBMS engines, as well as XML databases and NewSQL databases.
The IBM Information Management System (IMS) is a joint hierarchical database and information management system that supports transaction processing. [1] Development began in 1966 to keep track of the bill of materials for the Saturn V rocket of the Apollo program, and the first version on the IBM System/360 Model 65 was completed in 1967 as ICS/DL/I and officially installed in August 1968.
At that time, users entered data, and the system processed it at a later time. Further development of instantaneous data processing, or online transaction processing (OLTP), led to widespread OLTP use in government and business-sector information systems. [6]