- #BUSINESS INTELLIGENCE APPLICATION ADVANTAGES HOW TO#
- #BUSINESS INTELLIGENCE APPLICATION ADVANTAGES GENERATOR#
- #BUSINESS INTELLIGENCE APPLICATION ADVANTAGES SOFTWARE#
That is why OLAP-based tools are very simple to use even for non-technical users. Instead of manipulating database table fields, the end user interacts with common business categories such as products, customers, salesmen, employees, territory, date, etc. OLAP dimension in the cube reflects certain aspects of the company’s fiscal and economic activities. You can see how the data is organized in OLAP cubes in Ranet demos that use Adventure Works database.
#BUSINESS INTELLIGENCE APPLICATION ADVANTAGES GENERATOR#
MDX query generator allows to extract all the required data combinations. It means that the data is arranged in a certain order, for instance, a year is divided into months, and a month is divided into days. A cube slice is, in fact, a two-dimensional table, which is a clear and familiar way of data representation.Ĭubes are built strictly hierarchically. Such data structure allows users to see information from different points of view (slices). Measures and dimensions define the cube axes in a multidimensional coordinate system. Each edge of the cube contains certain attributes of an analyzed business process. You can read more about Drill down and other data analysis commands in Ranet OLAP in our blog post. The users can detail the data down to separate facts through “ drill down” function and do the opposite using “drill up” function. The tables organize a cube with multiple dimensions which makes it easy and fast to navigate through tons of information. All the data is stored in tables connected to the star schema in the center. When working with OLAP, users first see the consolidated data. Even if the warehouse contains tons of information, you can make a complex report using any kind of data from the warehouse in just a few minutes.
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Transactional data from scattered points of sale, data about every particular customer and supplier, data about all the employees in the company and their performance, - all that is stored in one place absolutely ready to be operated with. The users don’t have to spend much time on calculations and composing complex heavyweight reports. The data will always be right at your fingertips to refer to while there is a necessity to rapidly take an important decision. A correctly designed cube usually processes a typical user query within 5 seconds. The main advantage of OLAP is the speed of query execution. Let’s review some of the main advantages of OLAP technology below. OLAP is a key of BI and primarily intended to alleviate big data handling and add value to the process of business management. Thanks to its user-friendliness and scalability it suits all users from small and medium businesses to large corporate groups. And that is significant point from advantages of OLAP for business people.
#BUSINESS INTELLIGENCE APPLICATION ADVANTAGES SOFTWARE#
There is no need for a company to maintain an IT department which would support the software or for the employees to possess any specific skills to be able to use the application. Using our solutions in business intelligence software you will see the benefits of OLAP system in organization processing huge amounts of information in a form convenient for the end user and performance efficient data analysis. Today we would like to figure out why the role of OLAP in business intelligence is so important highlighting OLAP advantages and disadvantages. Tools based on OLAP cubes help get maximum benefits from business data and develop the most effective strategy for the business development. A lot of businesses choose to build their BI solutions using OLAP technology.
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Nowadays OLAP and business intelligence are closely connected. That is why more and more companies implement OLAP BI solutions. These technologies allow to collect great amounts of business data, translate it into a readable and clear format, and perform a holistic analysis. That is why in order to boost efficiency and minimize expenses more and more companies today implement BI solutions. And although all the companies focus a lot on planning and analyzing the challenge is still there to obstruct profitable affairs.
#BUSINESS INTELLIGENCE APPLICATION ADVANTAGES HOW TO#
The information reveals the hidden ways of how to operate more effectively and lucratively. And commonly the more data an organization is able to collect and analyze the more probable their success in business is. It’s a common knowledge that the one who possesses the knowledge leads the market. Nowadays, a company becomes a winner in this competition if it knows how to manage information effectively.
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High competition for market control forces business owners to find new ways to improve business profitability and growth.