Definition – What does OLAP mean?
OLAP stands for Online Analytical Processing and helps with the performance of multidimensional analysis done for business data and allows the user to access information easily. It does so by giving options such as particular mode, extraction and viewing data from various sectors.
Glossary Web explains OLAP
OLAP performs several analyses of multidimensional nature of business data provided by companies and does so by completing complex equations, managing bulk of data, and modeling the items required. It has applications in several fields such as Business Performance Management, Planning, Budgeting, Financial Reporting, Simulations, Knowledge, and Data Warehouse among others. It allows for views in several dimensions that helps the user to analyze details from various perspectives.
Some of the primary types of Online Analytical Processing systems include the Hybrid Transaction/Analytical Processing (HTAP) that help with both the online sales and online analytical processing. Multidimensional Online Analytical Processing (MOLAP) provides an environment for analysis from different sides for better analysis of relational data. Relational Online Analytical Processing (ROLAP) helps with the access of data stored in relational databases and retrieves the transactions instantly. Lastly, Hybrid Online Analytical Processing (HOLAP) allows for the incorporation of the best features that exist in the MOLAP and ROLAP for unique architectures.