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
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
    data driven insights
    How Data-Driven Insights Are Addressing Gaps in Patient Communication and Equity
    8 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

Image
Big Data Anonymous: Ask Data Experts Your Burning Data Questions
Increased Data Analytics Capabilities Revolutionized The Tower Industry
Data Science: Equality at Last!
How Data Analytics can Help you Bolster Your Career Performance?
The Way Humans Think: What BI Does to Help People Feel Confident in Their Choices [VIDEO]

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 analytics and truck accident claims
How Data Analytics Reduces Truck Accidents and Speeds Up Claims
Analytics Big Data Exclusive
predictive analytics for interior designers
Interior Designers Boost Profits with Predictive Analytics
Analytics Exclusive Predictive Analytics
big data and cybercrime
Stopping Lateral Movement in a Data-Heavy, Edge-First World
Big Data Exclusive
AI and data mining
What the Rise of AI Web Scrapers Means for Data Teams
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

IBM Holds Human Capital Management (HCM) University in Private…

1 Min Read

The Experts of Text!

14 Min Read
customer analytics and big data to shop online
AnalyticsBig DataBusiness IntelligenceExclusiveMarket ResearchMarketingNews

Using Online Video, Customer Analytics and Big Data to Market Online

15 Min Read

R project named in Intelligent Enterprise 2010 Editor’s Choice Awards

2 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 is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

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

Sign in to your account

Username or Email Address
Password

Lost your password?