OLAP vs OLTP | Online Transaction Processing vs Online Analytical Processing | Intellipaat – YouTube

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In this video on olap vs oltp (online transaction processing vs online analytical processing) video you will understand about the top two data processing method used in the IT industry: oltp vs olap, and which one should you use for better productivity. So in this difference between oltp and olap video some important parameters have been taken into consideration to tell you the difference between olap and oltp and also which one is preferred over the other in certain aspects in detail.
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Why OLAP is used

OLAP is a computing method that enables users to easily and selectively extract and query data in order to analyze it from different points of view. OLAP business intelligence queries often aid in trends analysis, financial reporting, sales forecasting, budgeting and other planning purposes.

Why OLTP is used

OLTP is a class of software programs capable of supporting transaction-oriented applications on the Internet. In computing, a transaction is a sequence of discrete information exchanges that are treated as a unit. Many everyday acts involve OLTP, including online banking, online shopping and even in-store shopping when the point of sale (POS) terminal is tied to inventory management software.

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