article thumbnail

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

Jet Global

The terms “reporting” and “analytics” are often used interchangeably. 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. Financial Reporting.

article thumbnail

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. Trend analysis, financial reporting, and sales forecasting are frequently aided by OLAP business intelligence queries. ( Using OLAP Tools Properly.

Insiders

Sign Up for our Newsletter

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

article thumbnail

BI Cubed: Data Lineage on OLAP Anyone?

Octopai

How much time has your BI team wasted on finding data and creating metadata management reports? However, over time new technologies and tools developed to ease data reporting and analysis. 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.

OLAP 56
article thumbnail

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

Jet Global

A new paradigm in reporting and analysis is emerging. 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).

article thumbnail

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

Jet Global

Consultants and developers familiar with the AX data model could query the database using any number of different tools, including a myriad of different report writers. The SQL query language used to extract data for reporting could also potentially be used to insert, update, or delete records from the database.

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. It All Starts with Data. So how is the data extracted?

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. Present: After the data has been analyzed and sorted, it is presented to the end user in an understandable format, such as a report, chart or graph.