OLAP the abbreviation of On Line Analytical Processing is a decision support software used for analyzing business information and reports. The user can analyze the data in all different ways such as budgeting, planning, simulation, data warehouse reporting, and trend analysis etc. The main purpose of OLAP is to make multidimensional calculations, which enables the large business to complete within seconds. By using this tool, the user can manipulate fast array of possibilities.
There are many advantages of this tool, one of them are that it gives the consistence calculation without bothering the data complication and speed. Another advantage is it's multidimensional data presentation that allows the administrator to pull down the data from an OLAP database in large or specific volume. We can also say that all large or small calculations can be calculated and presented in one column of spreadsheet or in shape of mountains of data. All these process can be held within few milliseconds.
OLAP is also used for comparatively study of two or more data in a very simple way and can be presented in a simpler or multidimensional form. So this enforces the planning manager to make strategic planning according to previous years comparatively reports. So that the selling of the company can be enhanced.
Posted on: April 1, 2008 If you enjoyed this post then why not add us on Google+? Add us to your Circles