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 ).

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. DSS software system. The software system is built on a model (including decision context and user criteria). DSS database. SAP BusinessObjects.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Jet Global

Multi-dimensional analysis is sometimes referred to as “OLAP”, which stands for “online analytical processing.” Technically speaking, OLAP refers to methodologies for producing multidimensional analysis on high-volume data sets.). That may prompt further investigation and could reveal insights as to the appropriate corrective action.

article thumbnail

Complexity Drives Costs: A Look Inside BYOD and Azure Data Lakes

Jet Global

It sells a myriad of different software products, including a growing portfolio of software-as-a-service (SaaS) offerings. For more powerful, multidimensional OLAP-style reporting, however, it falls short. OLAP reporting has traditionally relied on a data warehouse.

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. So how does a leading-edge business find a way to marry their wealth of data with the opportunity to utilize it effectively via BI software? Toiling Away in the Data Mines.

article thumbnail

Reporting System: Everything You Need to Know

FineReport

Let’s discover how to choose a great reporting software and design the architecture to efficiently build a reporting system. Software to Build Reporting System. Take FineReport as an example, which is a reporting software has adopted by 11000+ companies in building their reporting systems. What is the Reporting System?

article thumbnail

The Enterprise AI Revolution Starts with BI

Jet Global

But business intelligence software , built to give businesses the opportunity to collect, unify, sort, tag, analyze, and report on the vast amounts of data at their disposal, must be a focus for businesses hoping to gain an AI advantage down the road. Get Insight Now.