article thumbnail

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.

OLAP 56
article thumbnail

What Are OLAP (Online Analytical Processing) Tools?

Smart Data Collective

One of the most valuable tools available is OLAP. Using OLAP Tools Properly. Trend analysis, financial reporting, and sales forecasting are frequently aided by OLAP business intelligence queries. ( Several or more cubes are used to separate OLAP databases. OLAP’s disadvantages. see more ).

Insiders

Sign Up for our Newsletter

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

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. As AI techniques continue to evolve, innovative applications in the OLAP domain are anticipated.

OLAP 64
article thumbnail

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. Forecasting models. These DSS include systems that use accounting and financial models, representational models, and optimization models.

article thumbnail

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. What’s so special about OLAP technology? are often used.

OLAP 92
article thumbnail

CCPA 2020: Getting Your Data Landscape Ready

Octopai

For example: – Business forecasting – Accurate, reliable business forecasts are essential for enterprises to determine annual resource allocations. A vital component of business forecasting is automated metadata queries.

article thumbnail

What Role Does Data Mining Play for Business Intelligence?

Jet Global

Business intelligence (BI) software can help by combining online analytical processing (OLAP), location intelligence, enterprise reporting, and more. Store and manage: Next, businesses store and manage the data in a multidimensional database system, such as OLAP or tabular cubes. to analyze past events to forecast future events.