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What is OLAP?

Jedox

In this blog post, we’ll look at the definition of OLAP as well as an overview of the technology. We explain what lies behind OLAP, what cubes have to do with it and what makes the technology so powerful for modern planning, budgeting, and forecasting. Most modern EPM solutions rely on multidimensional OLAP, also called MOLAP.

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BI Cubed: Data Lineage on OLAP Anyone?

Octopai

This is how the Online Analytical Processing (OLAP) cube was born, which you might call one of the grooviest BI inventions developed in the 70s. OLAP cube is designed as a solution to pre-compute totals and subtotals when the database server is idle. The OLAP cube makes reading data across multiple dimensions manageable.

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Build a real-time analytics solution with Apache Pinot on AWS

AWS Big Data

Online Analytical Processing (OLAP) is crucial in modern data-driven apps, acting as an abstraction layer connecting raw data to users for efficient analysis. OLAP combines data from various data sources and aggregates and groups them as business terms and KPIs.

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What is business intelligence? Transforming data into business insights

CIO Business Intelligence

But the benefits of BI extend beyond business decision-making, according to data visualization vendor Tableau , including the following: Data-driven business decisions: The ability to drive business decisions with data is the central benefit of BI.

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What are decision support systems? Sifting data for better business decisions

CIO Business Intelligence

They generally leverage simple statistical and analytical tools, but Power notes that some OLAP systems that allow complex analysis of data may be classified as hybrid DSS systems. It features support for creating and visualizing decision tree–driven customer interaction flows. They emphasize access to and manipulation of a model.

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Reporting Analytics vs. Financial Reporting: Is There a Difference?

Jet Global

Multi-dimensional analysis is sometimes referred to as “OLAP”, which stands for “online analytical processing.” Technically speaking, OLAP refers to methodologies for producing multidimensional analysis on high-volume data sets.). That may prompt further investigation and could reveal insights as to the appropriate corrective action.

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Top 10 Free and Open Source BI Tools in 2020

FineReport

Although compared to the paid version, not all free BI tool provides stunning data visualization; they offer easy-to-understand charts that can meet your basic needs. It provides data scientists and BI executives with data mining, machine learning, and data visualization capabilities to build effective data pipelines. . From Google.

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