In: Finance
At a fundamental level of analysis, we can conceive of the ‘point of sale’ data capture of a business event, transaction processing, data storage, and ultimately data analysis and production of a business intelligence (BI) report. Explain how this overall sequence of activities occurs. Your explanation should focus the role of the TPS (1 mark), the two major processing options that may be used by the TPS , the role and major limitation of the production database (1 mark), and finally the role of the OLAP database (1 mark).
ANS:
Role of TPS ( Transaction Processing System)
TPS processes the companys'business transaction & support the day-to-day operation of an organisation. It records the Non- query transactions in the database & produces the Output in form of reports of transaction. The major role or activities involved in a TPS are -
The two major processing options that may be used by the TPS are -
Role of Production Database -
Production Database contains the details of production task which ensures availability, usability & efficiency. It's general role is capacity Planning, performance monitoring, utilisation of resources etc.
Limitations of Production Database -
Role of the OLAP database are -