Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    How Data Analytics Is Reshaping Patient Financing Decisions
    How Data Analytics Is Reshaping Patient Financing Decisions
    13 Min Read
    business using business intelligence
    How to Use a Competitive Intelligence Dashboard to Turn Market Data Into Smarter Marketing Decisions 
    9 Min Read
    unusual trading activity
    Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
    3 Min Read
    software developer using ai
    How Data Analytics Helps Developers Deliver Better Tech Services
    8 Min Read
    ai for stock trading
    Can Data Analytics Help Investors Outperform Warren Buffett
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Interactive Analytics and OLAP – Part II
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Analytics > Predictive Analytics > Interactive Analytics and OLAP – Part II
AnalyticsPredictive Analytics

Interactive Analytics and OLAP – Part II

raqsoft
raqsoft
0 Min Read
SHARE

After the first stage of real application process of the OLAP in interactive analytics and OLAP – Part I, we will start OLAP application of stage 2. 

After the first stage of real application process of the OLAP in interactive analytics and OLAP – Part I, we will start OLAP application of stage 2. 

Those guesses in part I of interactive data analytics are just the basis for forecast. After operating for a period of time, a constructed business system can also accumulate large quantities of data (so called complex data calculation), and these guesses have most probably been evaluated by these accumulated data, when evaluated to be true, they can be used in forecast; when evaluated to be false they will be re-guessed.

 It needs to be noted that these guesses are made by users themselves instead of the computer system! Instant data analytics is started by human being in OLAP. What a computer should do is to help a user to evaluate according to the existing data, the guess to be true or false, namely, on-line data query (including certain aggregation computation). This is just the application process of OLAP. The reason why on-line analysis is needed is that many query computations are temporarily required after a user has seen a certain intermediate result. In the whole process, model in advance is impossible and unnecessary (Raqsoft esProc is born to deal with these issues).

More Read

predictive analytics limitations
Predictive Analytics Limitations with Small Business Risk Assessments
The Next Leadership Agenda November 6, 2008
Reporting Back from Salesforce Integration and Analytics Meetup
“Long Data”: The 15-Second Video to Big Data’s Snapshot
Could book lovers finally be willing to switch from pages to…

We call the above process evaluation process, whose purpose is to find from historical data some laws or evidences for conclusions, and the means adopted is to conduct interactive query computation on historical data. And this process can be a complex data calculation.

  •        The following are a few examples actually requiring computations (or queries):
  •        The first n customers whose purchases from the company account for half of the sales volume of the company of the current year;
  •        The stocks which go up to the limit for three consecutive days within one month;
  •        Commodities in the supermarket which are sold out at 5 P.M for three times within one month;
  •        Commodities whose sales volumes in this month have decreased by more than 20% over those of the preceding month;

       …

Evidently, this type of computation demand is ubiquitous in business analysis process and all can be computed out from historical database.

Then, can the narrowed OLAP be used to complete the above-mentioned data computation process?

In the third part of Interactive Analytics and OLAP, i will answer the question above.

Sponsored by http://www.raqsoft.com

To be continued… 

Related Articles:

Interactive Analytics and OLAP – Part I

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

data driven businesses
How Data-Driven Businesses Choose Storage That Reduces Risk and Drag
Big Data Exclusive
Operational Data Becomes Business Value in the Age of AIoT
Operational Data Becomes Business Value in the Age of AIoT
Big Data Exclusive Internet of Things
ai for social media
How AI Helps Businesses Get More From Social Media
Artificial Intelligence Exclusive
How Data Analytics Is Reshaping Patient Financing Decisions
How Data Analytics Is Reshaping Patient Financing Decisions
Analytics Big Data Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Are You Asking the Right Questions with Predictive Analytics?

4 Min Read
data driven insights
AnalyticsBig DataExclusive

How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity

8 Min Read
Image
Predictive Analytics

Lifting Up: How Big Data Can Help Eliminate Poverty

6 Min Read
Marketing Strategy
Big DataHadoopPredictive Analytics

5 Ways Big Data is Changing Marketing Forever

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?