I\'m working on a project with a rather large Oracle database (although my question applies equally well to other databases). We have a web interface which allows users to
What it really comes down to is, don't add an index unless you know (and this often means gathering usage statistics) that it will be used far more often than it's updated.
Any index that doesn't meet that criteria will cost you more to rebuild than the performance penalty of not having it in the odd case it got used.
I usually proceed like this.
As with all any optimization, I stop when the requested performance is reached (this obviously implies that point 0. would be getting specific performance requirements).
Everyone else has been giving you great advice. I have an added suggestion for you as you move forward. At some point you have to make a decision as to your best indexing strategy. In the end though, the best PLANNED indexing strategy can still end up creating indexes that don't end up getting used. One strategy that lets you find indexes that aren't used is to monitor index usage. You do this as follows:-
alter index my_index_name monitoring usage;
You can then monitor whether the index is used or not from that point forward by querying v$object_usage. Information on this can be found in the Oracle® Database Administrator's Guide.
Just remember that if you have a warehousing strategy of dropping indexes before updating a table, then recreating them, you will have to set the index up for monitoring again, and you'll lose any monitoring history for that index.
In a paraphrase of Einstein about simplicity, add as many indexes as you need and no more.
Seriously, however, every index you add requires maintenance whenever data is added to the table. On tables that are primarily read only, lots of indexes are a good thing. On tables that are highly dynamic, fewer is better.
My advice is to cover the common and obvious cases and then, as you encounter issues where you need more speed in getting data from specific tables, evaluate and add indices at that point.
Also, it's a good idea to re-evaluate your indexing schemes every few months, just to see if there is anything new that needs indexing or any indices that you've created that aren't being used for anything and should be gotten rid of.
Sql server gives you some good tools that let you see which indexes are actually being used. This article, http://www.mssqltips.com/tip.asp?tip=1239, gives you some queries that let you get a better insight into how much an index is used, as opposed to how much it is updated.