June 26, 2013

What is OLAP

OLAP is an acronym for On Line Analytical Processing, and it is becoming the fundamental foundation for Intelligent Solutions including Business Performance Management, Planning, Budgeting, Forecasting, Financial Reporting, Analysis, Simulation Models, Knowledge Discovery, and Data Warehouse Reporting.

OLAP performs multidimensional analysis of enterprise data and provides the capabilities for complex calculations, trend analysis and very sophisticated data modeling. OLAP enables end-users to perform ad hoc analysis of data in multiple dimensions, thereby providing the insight and understanding they need for better decision making.