Prophix
Confused as to what OLAP technology is, and what the benefits are? We can help!
What is OLAP Technology?
Online Analytical Processing (OLAP) is a technology that provides an interactive connection to business information. OLAP cubes are databases of information that replace the numerous spreadsheets you may be using today for business analysis and reporting. Companies gain insight into data through fast, accurate, and flexible methods to various views of business metrics that have been transformed from raw data into meaningful information.
Benefits of OLAP:
- Puts business context into underlying data sets and transforms data into intelligible information for making business decisions
- Eliminates manual tasks, since all data is shared on a centralized server
- Improves data analysis, with users having the ability to analyze data across multiple perspectives
- Enhances visibility, eliminating the need to rely on I.T professionals to create queries or reports
Why OLAP?
OLAP has become a best-of-breed technology for delivering financial information to key decision makers. With OLAP technology, you have the ability to slice and dice information, both financial and non-financial, giving you the ability to make the educated, informed decisions.
To learn more about OLAP, and why you should be utilizing this technology, visit our Solutions page.
Gary Simon
