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How OLAP and AI can enable better business

IBM Big Data Hub

Initially, they were designed for handling large volumes of multidimensional data, enabling businesses to perform complex analytical tasks, such as drill-down , roll-up and slice-and-dice. Early OLAP systems were separate, specialized databases with unique data storage structures and query languages.

OLAP 62
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The Gartner 2021 Leadership Vision for Data & Analytics Leaders Webinar Q&A

Andrew White

But we also know not all data is equal, and not all data is equally valuable. Some data is more a risk than valuable. Additionally, the value of data may change, and our own personal judgement of the the same data and its value may differ. Risk Management (most likely within context of governance).

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What’s Top of Mind for CFOs Heading into 2024

Jet Global

The need for greater efficiency and more accurate forecasting led CFOs to re-evaluate the tools and processes on hand and their ability to overcome skills shortages and drive agility. Finance leaders are excited about the productivity gains GenAI can provide but also wary of potential security risks.

Finance 52
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What is a Data Pipeline?

Jet Global

A data pipeline is a series of processes that move raw data from one or more sources to one or more destinations, often transforming and processing the data along the way. Data pipelines support data science and business intelligence projects by providing data engineers with high-quality, consistent, and easily accessible data.

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Struggling to Scale: How Finance Can Do More with Less

Jet Global

Rethink Budgeting, Planning and Forecasting: The Struggles and Successes of Modern Finance Teams. Using tools that aggregate real-time data enables more accurate, timely, and agile reporting, giving decision-makers in your organization the most current information available when they need it. Download Now.

Finance 52
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How EPM Solutions Increase Efficiency in Data Management and Reporting

Jet Global

Furthermore, basing your budgets and forecasts on inaccurate or incongruent data from silos can have a detrimental impact on decision-making. This can lead to delays in filing disclosures and increase the risk of errors that could result in regulatory penalties or damage to your company’s reputation.

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6 Benefits of Cloud-based Consolidation with Clausion Consolidation 

Jet Global

Automation of tasks like data collection, reconciliation, and reporting saves substantial time and resources. Real-time access to financial data grants deep insights, facilitating informed decision-making and risk identification. Cloud-based solutions can automate tasks such as data collection, reconciliation, and reporting.