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What Are OLAP (Online Analytical Processing) Tools?

Smart Data Collective

Online analytical processing is a computer method that enables users to retrieve and query data rapidly and carefully in order to study it from a variety of angles. Online Analytical Processing (OLAP) is a term that refers to the process of analyzing data online. Using OLAP Tools Properly.

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

Jet Global

In fact there are some very important differences between the two, and understanding those distinctions can go a long way toward helping your organization make best use of both financial reporting and analytics. Multi-dimensional analysis is sometimes referred to as “OLAP”, which stands for “online analytical processing.”

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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. Saving time and headaches with online analytical processing tool. However, over time new technologies and tools developed to ease data reporting and analysis.

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Financial Intelligence vs. Business Intelligence: What’s the Difference?

Jet Global

There was always a delay between the events being recorded in financial systems (for example, the purchase of a product or service) and the ability to put that information in context and draw useful conclusions from it (for example, a weekly sales report). Over the past few decades, however, technology has been closing that gap.

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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. Businesses can use data mining to find the information they need and use business intelligence and analytics to determine why it is important. READ BLOG POST.

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Simplify Online Analytical Processing (OLAP) queries in Amazon Redshift using new SQL constructs such as ROLLUP, CUBE, and GROUPING SETS

AWS Big Data

Solution overview Online Analytical Processing (OLAP) is an effective tool for today’s data and business analysts. Such analysis can provide insight into customer preferences and behavior, which can be used to inform marketing strategies and product development.

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What’s the Difference Between Business Intelligence and Business Analytics?

Sisense

And, again, the ultimate goals are to better understand how the business is doing, make better-informed decisions that improve performance, and create new strategic opportunities for growth. So, BI deals with historical data leading right up to the present, and what you do with that information is up to you. Confused yet?