Hyperion Essbase is a complex database management system (MDBMS) that contributes a complex database terrace upon which to build inquiring features. Hyperion renamed its products in 2005; Essbase is the official name of Hyperion System 9 BI+ Analytic Services, but practitioners did not accept. The current version is Oracle Hyperion Essbase v11.x (v11.1.2.4.010).
Despite Essbase has been classified as a general-purpose complicated database, it was basically advanced to address the scalability problems associated with freeware such as Lotus 1-2-3 and Microsoft Excel. Certainly, the controlled covering Essbase uses spreadsheets as a prompt example to represent the need for such a system.
A substitute illustration of this design would desire a 3- dimensional spreadsheet grid, giving rise to the idea that “Region”, “Time”, and “Account”. As other dimensions are combined with the system. It converts very toughly to difficult to maintain spreadsheets that correctly represent the multi-dimensional values. Multidimensional databases such as Essbase bring a data store for values at least conceptually, that exist, in a multi-dimensional “hypercube”.
What is Hyperion Essbase?
ESSBASE can deliver this sort of breakthrough performance management because we offer the most comprehensive set of features, functionality and flexibility in one system. Essbase products provide companies with the ability to deliver critical business information to the right people when they need it. With Oracle Hyperion Essbase v11.x, companies quickly integrate data and leverage from various existing data sources and distribute filtered information to end-user communities in the format that best meets the users’ needs. Users intuitively and interact explore data in realtime and along familiar business dimensions, enabling them to perform speed-of-thought analytics. Essbase is multidimensional database software that is optimized for planning, analysis, and management-reporting applications. Essbase uniquely blends an innovative technical design with an open, client-server architecture. The product enables you to extend decision support systems beyond ad hoc queries and reports on historical performance to dynamic, operational systems that combine historical analysis and future planning.
By consolidating and staging historical and projected data for detailed analysis, you gain perspectives about your business that enable you to take appropriate actions. Essbase provides both power and flexibility.
Thus, it can be used for a broad range of online analytical processing (OLAP) applications, including those in the following list:
-Budgeting
– Seasonal planning and Forecasting
-Financial consolidations and reporting
-Customer and product profitability analysis
-Price, volume, and mix analysis
-Executive information systems Essbase enables you and others in the organization to share, access, update, and analyze enterprise data from any perspective and at any level of detail without learning new tools, query languages, or programming skills.
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