article thumbnail

What Are OLAP (Online Analytical Processing) Tools?

Smart Data Collective

Data science is both a rewarding and challenging profession. One study found that 44% of companies that hire data scientists say the departments are seriously understaffed. Fortunately, data scientists can make due with fewer staff if they use their resources more efficiently, which involves leveraging the right tools.

article thumbnail

What is business intelligence? Transforming data into business insights

CIO Business Intelligence

Business intelligence definition Business intelligence (BI) is a set of strategies and technologies enterprises use to analyze business information and transform it into actionable insights that inform strategic and tactical business decisions. BI aims to deliver straightforward snapshots of the current state of affairs to business managers.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How OLAP and AI can enable better business

IBM Big Data Hub

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. Customer lifetime value analysis : OLAP helps businesses identify high-value customers and develop strategies to retain them.

OLAP 59
article thumbnail

Unleashing the power of Presto: The Uber case study

IBM Big Data Hub

Uber understood that digital superiority required the capture of all their transactional data, not just a sampling. They stood up a file-based data lake alongside their analytical database. Uber chose Presto for the flexibility it provides with compute separated from data storage.

OLAP 88
article thumbnail

How to Build a Performant Data Warehouse in Redshift

Sisense

Fundamentally they are different than transactional databases we’ve seen in the past, and before we jump into how to build your data warehouse, it’s important to understand that distinction. First, we’ll dive into the two types of databases: OLAP (Online Analytical Processing) and OLTP (Online Transaction Processing).