Leading companies collaborate on new standard for data analysis

Hyperion, Sun, IBM and Oracle among vendors working on new Java standard for analytical processing of business data.

Elton Cane

September 04, 2000

Most non-technical people these days understand the concept of a database. They might not know how it works, or how to get more than basic functionality out of it, but they know that it can be the most efficient way of storing, organising and managing information. What many people might not know is that increasingly there’s another component in the IT architecture that can add extra value to information held in a database.

OLAP, which is short for Online Analytical Processing, is a set of software tools that allows companies to perform a relatively complex analysis of corporate data in order to make better business decisions.

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