The What and Why of Oracle’s Hyperion Essbase
What is Hyperion Essbase?
Hyperion Essbase is an Online Analytical Processing (OLAP) multi-dimensional database server that extracts data from a wide range of data sources (Oracle Database 11g and other relational databases), files, and spread-sheets; calculates and aggregates this data; providing fast access to the results, using a dimensional model. For users with complex analytical requirements, Oracle’s Hyperion Essbase supports forecasting, variance analysis, root cause identification, scenario planning, cross-dimensional queries and aggregated data in real time. This provides companies with the necessary information in order to manage resources; identify target markets behaviours and demands; and forecast the success rate of future/on-going projects.
Engineered for scalability, security, and rapid-response, Oracle Essbase brings advanced analytics to the business user to enable greater understanding of the business, alignment of resources and improved business results. Oracle Essbase is the market leading OLAP server for enterprise performance management (EPM) applications and is made up of three components; illustrated in detail in figure 1.
Figure 1 (Three Tiers of Oracles Hyperion Essbase).
Why invest in Hyperion Essbase for your company?
Top 7 uses of Hyperion Essbase:
‘Efficiency is doing better what is already being done’ (Peter F. Drucker). Oracle Essbase succeed in doing this by leveraging Oracle’s Hyperion Foundation Services and Oracle Fusion Middleware to provide a common platform of services upon which companies can create, deploy, and manage EPM applications in one place. Therefore, to ensure efficiency, decision making, forcasting and overall business success; an investment in Oracle’s Hyperion Essbase is the way forward.