OLAP is that piece of the tool set that provides Dimensional Analysis, enabling huge volumes of data to be efficiently made available for exploration in a large variety of formats and arrangements. Regardless of the approach, this demonstrates the value of having this type of information readily available to a business embarking on a social media initiative. But someone pointed out most BI tools today focus on the quantitative and technical areas, not experiential areas.
Technology vendors build applications and data warehouses that do much more than the business desires, and sometimes require the business to change key processes. Oracles total selection of best in school BI abilities contains business reporting, evaluation and ad hoc query, scorecards, and dashboards.
Traditionally, Business Intelligence vendors are targeting only top the pyramid but now there is a paradigm shift moving toward taking Business Intelligence to the bottom of the pyramid with a focus of self-service business intelligence. The purpose is to spot and deal with after-the-fact business intelligence in order to enable the creation of a performance and feedback loop. These businesses provide the existing jobs and tax base for local and state entities.
These large corporations out there need time to focus on their business expansion, not IT infrastructure or data management. From companies which are stores, banking institutions, vehicle shops and anybody who uses their day-to-day business to be run by different amounts of information technology will take advantage of this.
These two aspects of BI products have bagged some successes, yet our 2013 Wisdom of Crowds® Business Intelligence Market Study indicated a failing interest in both social media and text analytics. Literally for the daily price of a Latté you can have access to a web-delivered, powerful tool so you can measure all your company’s key numbers and get a handle on your business.