Exam_4 Essay Example | Topics and Well Written Essays - 1000 words

Exam_4 - Essay ExampleThese components atomic number 18 applied in operational management allowing the management to access up-to-date selective information in real-time. Therefore, operational analytics offer an insight of the data deep down a data warehouse because it allows greater visibility of the non-homogeneous forms of data at a great speed (Turban, Sharda, Delen & King, 2010).OLAP (Online Analytic Processing) is the commonly used technique in data analysis employed within data warehouses driven by the increase in data volumes and the value of data-driven analytics in business. OLAP is also refer chromatic to as the capability to effectively manipulate and analyze data from variant perspectives using its operational structure that relies in the concept known as cube. This concept has a flat data structure that allows fast analysis of data because arrangement of data into cubes overcomes the limitations associated with relational databases (Turban, Sharda, Delen & King, 2010).KPI (Key Performance Indicator) represents a strategic objective and measures performance against a goal. KPIs are multidimensional and upon translation, this indicates that KPIs encompass various unique features. atomic number 53 of the distinguishing features includes strategy because KPIs embody a strategic objective. Moreover, KPIs measure performance against specific targets that are defined within the strategy, planning, or budget allowing the targets to take different forms like achievement targets, reduction targets and absolute targets among others. KPIs also go through ranges because objectives have performance measures like above, on or below the target. Encoding in KPIs allow ranges to be encoded in software enabling the display of performance through colours like green, yellow and red based on percentages or other complex rules. Time frames in KPI mean that targets are designate time frames within which they have to be accomplished as well, the time frames are often dissever into small intervals to allow monitoring of performance