Transaction Management

Transaction management refers to the process of ensuring the successful execution and coordination of multiple operations within a database or system. It involves managing the various stages of a transaction, including initiation, execution, and completion, while ensuring data integrity and consistency. Transaction management is crucial in maintaining the reliability and accuracy of data in complex systems, such as financial institutions or e-commerce platforms, where multiple users may be accessing and modifying data simultaneously. It involves techniques like concurrency control, locking, and logging to ensure that transactions are executed in a reliable and efficient manner, while also providing mechanisms for rollback or recovery in case of failures or errors.