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The sophisticated technology behind modern EPM solutions is still a mystery to many. In this blog post, we’ll look at the definition of OLAP as well as an overview of the technology. Most modern EPM solutions rely on multidimensional OLAP, also called MOLAP. What’s so special about OLAPtechnology?
Online analytical processing (OLAP) database systems and artificial intelligence (AI) complement each other and can help enhance data analysis and decision-making when used in tandem. As AI techniques continue to evolve, innovative applications in the OLAP domain are anticipated.
It’s also helpful to be able to “slice and dice” income statements by segregating information for different company divisions, product lines, or subsidiaries. Multi-dimensional analysis is sometimes referred to as “OLAP”, which stands for “online analytical processing.”
The former is more professional in report making, presentation, and printing, while the latter can make OLAP and predict analysis thanks to the BI capabilities. As reporting software, it does not support OLAP. Pros: Apply AI, ML, and NLP technologies for the augmented analytics. FineReport. Crystal Reports. Price: Quote based.
Therefore, the real magic happens when OLAP cubes are built or delivered from the data warehouse. OLAP cubes do all the work by dimensionalizing all combinations of slicing and dicing the data ahead of time.
BI is a set of independent systems (technologies, processes, people, etc.) And Manufacturing and Technology, both 11.6 The Hitchhiker’s Guide to Embedded Analytics Download Now Section 2: Embedded Analytics: No Longer a Want but a Need Find out how major shifts in technology are driving the need for embedded analytics.
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