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Separating object into two schemas in same instance

I have an Oracle system that is used for two companies, and now the boss wants the systems to work separately. The boss company uses the same tables, database, instances, etc. I'm thinking about separating the object into two schemas in the same instance and database. Is this recommended or not?

Particularly if you're going to run the applications on the same server, the idea of using two schemas would likely be preferred. It sounds like you'd still have the same user base, just splitting them apart to point to different objects.

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