OLAP systems - Definition, characteristics & use cases

OLAP (Online Analytical Processing) is a technology that enables users to analyze multi-dimensional data through intuitive manipulation of data cells without accessing menus or multiple actions. It provides visual information and analysis, allowing users to access and analyze "ad-hoc" data, review comparisons, analyze past data, and simulate various scenarios. OLAP applications are used by analysts and managers who often require an overview of highly aggregated data. The main benefits of OLAP systems include providing visual information and analysis of results, enabling users to access and analyze "ad-hoc" data, and creating a unified platform for predictive analytics in the company. Successful use cases of OLAP include applications in the financial sector, sales, and marketing.