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 62
article thumbnail

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

CIO Business Intelligence

Digital marketing and services firm Clearlink uses a DSS system to help its managers pinpoint which agents need extra help. These DSS include systems that use accounting and financial models, representational models, and optimization models. Optimization analysis models. ERP dashboards. Sensitivity analysis models.

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

What Role Does Data Mining Play for Business Intelligence?

Jet Global

Data drives everything in the business world, from manufacturing to supply chain logistics to retail sales to customer experience to post-sale marketing and beyond, data holds the secrets to making processes more efficient, production costs cheaper, profit margins higher and marketing campaigns more effective.

article thumbnail

Navigating Data Entities, BYOD, and Data Lakes in Microsoft Dynamics

Jet Global

Online analytical processing (OLAP), which enabled users to quickly and easily view data along different dimensions, was coming of age. The challenge with OLAP, however, is that it requires intensive processing power to aggregate data according to various categories or dimensions. Data warehouses have been in widespread use for years.

article thumbnail

Why Business Intelligence is Top of Mind for CFOs for 2022

Jet Global

The term “ business intelligence ” (BI) has been in common use for several decades now, referring initially to the OLAP systems that drew largely upon pre-processed information stored in data warehouses. This will ensure that you have the information you need to optimize your marketing spend. The Future Is Now. BI has arrived.

article thumbnail

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

Jet Global

CRM software has gone through a similar transformation, starting with sales force automation, and more recently evolving into a new breed of products that support digital marketing campaigns through email, social media, and online advertising. It seeks to optimize performance by identifying opportunities and challenges as soon as they emerge.

article thumbnail

Business Intelligence Solutions: Every Thing You Need to Know

FineReport

Business intelligence can assist decision-making and operation optimization, either at the operational or tactical, or strategic levels. Technicals such as data warehouse, online analytical processing (OLAP) tools, and data mining are often binding. BI software solutions (by FineReport). Data preparation and data processing.