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

Jet Global

It’s also helpful to be able to “slice and dice” income statements by segregating information for different company divisions, product lines, or subsidiaries. Multi-dimensional analysis is sometimes referred to as “OLAP”, which stands for “online analytical processing.”

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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.

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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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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. An analyst can use OLAP aggregations to analyze buying patterns by grouping customers by demographic, geographic, and psychographic data, and then summarizing the data to look for trends.

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Business Intelligence vs. Reporting: Finding Your Bread and Butter

Jet Global

Therefore, the real magic happens when OLAP cubes are built or delivered from the data warehouse. OLAP cubes do all the work by dimensionalizing all combinations of slicing and dicing the data ahead of time.

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Best Reporting Tools List You Can’t Miss in 2020

FineReport

The former is more professional in report making, presentation, and printing, while the latter can make OLAP and predict analysis thanks to the BI capabilities. As reporting software, it does not support OLAP. Pros: The capability of “slice and dice” data, analyze different datasets is powerful. . FineReport.

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Accelerating revenue growth with real-time analytics: Poshmark’s journey

AWS Big Data

Druid hosted on Amazon Elastic Compute Cloud (Amazon EC2) integrates with the Kinesis data stream for streaming ingestion and allows users to run slice-and-dice OLAP queries. The data from the S3 data lake is used for batch processing and analytics through Amazon EMR and Amazon Redshift.