What is OLAP?
OLAP is an acronym for On Line Analytical Processing.
OLAP performs multidimensional analysis of business data and provides the capability for complex calculations, trend analysis and sophisticated data modeling.
It is the foundation for Business Intelligence solutions including Business Performance Management (BPM / CPM), Planning, Budgeting, Forecasting, Reporting, Analysis, Simulation Models and Knowledge Discovery.
OLAP enables end-users to perform ad hoc analysis of data in multiple dimensions, thereby providing the insight and understanding they need for better decision making.