What does OLTP stand for in the context of data processing?

In the context of data processing, OLTP stands for Online Transaction Processing. This refers to systems that manage transaction-oriented applications, typically for data entry and retrieval transactions conducted in real-time. OLTP systems are characterized by their capability to handle a large number of short online transactions, making them essential for business operations such as sales order entry, financial transactions, and inventory management.

The primary focus of OLTP is on speed, consistency, and transaction integrity. These systems are designed to ensure that transactions are processed quickly and efficiently while maintaining accurate data integrity across multiple transactions. In contrast, the other options provided do not accurately capture the essence of what OLTP entails, making it clear why Online Transaction Processing is the correct terminology for this data processing context.