Question

What captures transaction and event information using technology to (1) process the information according to defined business rules, (2) store the information, and (3) update existing information to reflect the new information?

Answer 1

OLTP (Online Transaction Process)

Step-by-step explanation:

Online transaction processing or OLTP, which is database software, used to design as well as support the applications related to transactions on the Internet.

This database system is mostly used for the retail sales, order entry, management of customer relationship and financial transaction through the medium of Internet.

So, OLTP captures the event as well as transaction information using the technology for processing the information as per the rules of the business, update the information and store the information.