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

Jet Global

Following on the sales example cited above, a user might choose to view sales of different product lines, with a secondary breakdown of those sales by region. Following on the sales example cited above, a user might choose to view sales of different product lines, with a secondary breakdown of those sales by region.

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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 ).

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

CIO Business Intelligence

The data sources used by a DSS could include relational data sources, cubes, data warehouses, electronic health records (EHRs), revenue projections, sales projections, and more. For example, a business DSS might help a company project its revenue over a set period by analyzing past product sales data and current variables.

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The Enterprise AI Revolution Starts with BI

Jet Global

Data warehouses are a means of taking data points from disparate touchpoints (such as point-of-sale, CRM, inventory, and warehouse management systems), standardizing the data collected, structuring it to extract necessary insights, and running analysis. Enter data warehousing.

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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. Most modern EPM solutions rely on multidimensional OLAP, also called MOLAP.

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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.

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Reporting System: Everything You Need to Know

FineReport

The data analysis part is responsible for extracting data from the data warehouse, using the query, OLAP, data mining to analyze data, and forming the data conclusion with data visualization. For instance, when you generate a sales report with the sales data stored in the CRM, the presentation layers will send API calls to the data layer.