How many database indexes is too many?
It depends on the operations that occur on the table.
If there's lots of SELECTs and very few changes, index all you like.... these will (potentially) speed the SELECT statements up.
If the table is heavily hit by UPDATEs, INSERTs + DELETEs ... these will be very slow with lots of indexes since they all need to be modified each time one of these operations takes place
Having said that, you can clearly add a lot of pointless indexes to a table that won't do anything. Adding B-Tree indexes to a column with 2 distinct values will be pointless since it doesn't add anything in terms of looking the data up. The more unique the values in a column, the more it will benefit from an index.
I usually proceed like this.
- Get a log of the real queries run on the data on a typical day.
- Add indexes so the most important queries hit the indexes in their execution plan.
- Try to avoid indexing fields that have a lot of updates or inserts
- After a few indexes, get a new log and repeat.
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 data warehousing it is very common to have a high number of indexes. I have worked with fact tables having two hundred columns and 190 of them indexed.
Although there is an overhead to this it must be understood in the context that in a data warehouse we generally only insert a row once, we never update it, but it can then participate in thousands of SELECT queries which might benefit from indexing on any of the columns.
For maximum flexibility a data warehouse generally uses single column bitmap indexes except on high cardinality columns, where (compressed) btree indexes can be used.
The overhead on index maintenance is mostly associated with the expense of writing to a great many blocks and the block splits as new rows are added with values that are "in the middle" of existing value ranges for that column. This can be mitigated by partitioning and having the new data loads aligned with the partitioning scheme, and by using direct path inserts.
To address your question more directly, I think it is probably fine to index the obvious at first, but do not be afraid of adding more indexes on if the queries against the table would benefit.