OLAP Research Paper Example | Topics and Well Written Essays - 750 words

OLAP - Research Paper Example e new business intelligence systems and tools (such as OLAP) facilitate the organizations to be competitive by changing information to intelligence for formulating improved business decisions and reacting to insight speedily in the course of their distinctive enterprise intelligence services. In addition, the new technology based data warehousing and business intelligence tools and services ensure accessibility of business data and information. Moreover, it formulates a clear way to gain competitive benefit and allows clients to considerably improve their services as well as bottom-line success (Boylan). The rapidly changing business environment has made business intelligence (BI) vital to a business’s success. In fact, business intelligence systems are used to turn businesss raw data into effective and efficient information that is helpful to the management in recognizing significant business trends, examining customer performance, and formulating intelligent business decisions rapidly. Additionally, over the earlier few years, business intelligence systems have been utilized to recognize and deal with back office requirements like that competence and efficiency. At the present, businesses are more and more making use of BI to examine client behavior, recognize marketplace trends, and search for novel prospects (Sun Microsystems, Inc.; Laudon and Laudon). Business intelligence heavily depends on data collected from different sources of a business organization. In the absence of an effective business intelligence tool such as online analytical processing, businesses could not be able to pull out the data required for information analysis in time to ease practical decision-making. The capability to get information in real-time has turned out to be more and more vital in current years for the reason that decision-making cycle times have been radically minimized. Furthermore, ever-increasing competitive stress requires companies to formulate intelligent decisions