Hyperion Essbase – A Multidimensional DataBase Management System
When we think database, we think it as a storage mechanism. Hyperion Essbase is not a database we commonly think of for storage. It is a database when we think about analysis and not just only storage.
So, yes it is not faster like transaction databases but yet it is very powerful.
Please read Multidimensional-Database more here
Essbase full form is Spread Sheet dataBASE, E is added to make it pronounce easier.
Essbase is developed to address the scalability issue with excel.
Imagine 100 excel sheets with data and that needs to be consolidated into one file…