List of some popular Online Analytical Processing (OLAP) Tools:
Business intelligence is growing by leaps and bounds in the current scenario. The predictive analytics market is expected to grow to 10 billion in next 3/4 years.
To meet up the future demands, many software is enhancing their features by implementing complex algorithms, machine learning, and artificial intelligence to improve decision making and make forecasts.
Before we move on to OLAP tool selection criterion, we must first understand what OLAP is.
Online Analytical Processing
It is a computing approach that answers multi-dimensional analytical queries at a much faster pace and in a smoother manner. OLAP is a unit of business intelligence (BI). It holds the relational database and data mining and reporting features within or in other words, OLAP encompasses RDBMS and data mining & reporting.
OLAP tools give capacity to the user to analyze multidimensional data from multiple perspectives.