Why are database management systems (DBMS) important in the business community?

Why are database management systems (DBMS) important in the business community? A database management system (DBMS) is designed to manage a large body of information. Data management involves both defining structures for storing information and providing mechanisms for manipulating the information. In addition, the database system must provide for the safety of the stored information, despite system crashes or attempts at unauthorized access. If data are to be shared among several users, the system must avoid possible anomalous results due to multiple users concurrently accessing the same data. Examples of the use of database systems include airline reservation systems, company payroll and employee information systems, banking systems, credit card processing systems, and sales and order tracking systems. A major purpose of a database system is to provide users with an abstract view of the data. That is, the system hides certain details of how the data are stored and maintained. Thereby, data can be stored in complex data structures that permit efficient retrieval, yet users see a simplified and easy-to-use view of the data. The lowest level of abstraction, the physical level, describes how the data are actually stored and details the data structures. The next-higher level of abstraction, the logical level, describes what data are stored, and what relationships exist among those data. The highest level of abstraction, the view level, describes parts of the database that are relevant to each user; application programs used to access a database form part of the view level. http://answers.yahoo.com/question/index?qid=20080114160614AAvxJ5l