What are the five types of TPS in business organisation and their functions?

The five types of Transaction Processing Systems (TPS) in a business organization include:

1. Batch Processing Systems: These process large volumes of data at scheduled intervals, efficiently handling transactions that do not require immediate action.
2. Real-Time Processing Systems: They process transactions instantly, allowing for immediate updates and responses, essential for scenariOS like online banking or e-commerce.
3. Online Transaction Processing (OLTP) Systems: Similar to real-time systems, OLTP allows for simultaneous transaction processing by multiple users, crucial for operations like ticket booking.
4. Point of Sale (POS) Systems: These systems facilitate sales transactions at retail locations, managing sales data, inventory, and customer information in real-time.
5. Data Entry Systems: They capture and input data from various sources into other systems for processing, ensuring accuracy and efficiency in data management.