This document discusses database management systems. It defines a database and explains that a DBMS allows users to define, create and maintain a database while providing controlled access. A DBMS bridges the gap between data and information by converting stored data into usable information. The main components of a database system are the people, hardware, software and data. A DBMS provides advantages like reduced redundancy, data integrity and security. However, it also faces limitations such as high costs, potential for data loss if the database fails, and challenges in ensuring data privacy and quality with many users.