What is OLAP?

One of the effects of business growth is a mountain of data that has to be manufactured, stored, tracked, and interpreted. A growing business needs sophisticated methods of data processing. One of the ways that businesses do this is to use OLAP.

OLAP stands for On Line Analytical Processing, a series of protocols used mainly for business reporting. Using OLAP, businesses can analyze data in all manner of different ways, including budgeting, planning, simulation, data warehouse reporting, and trend analysis. A main component of OLAP is its ability to make multidimensional calculations, allowing a wide and lightning-fast array of possibilities.

In addition, the bigger the business, the bigger its business reporting needs. Multidimensional calculations enable a large business to complete in seconds what it otherwise would have waited a handful of minutes to receive. One main benefit of OLAP is consistency of calculations.

No matter how fast data is processed through OLAP software or ... more.

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