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OLAP has a major advantage of getting information from a Multi-Dimensional Database in 0.1 % time taken by OLTP (Online Transactional Processing) MOLAP: MOLAP is a "multi-dimensional online analytical processing". 'MOLAP' is the 'classic'
form of OLAP and is sometimes referred to as just OLAP. ROLAP works directly with relational databases. HOLAP addresses the shortcomings of MOLAP and ROLAP by combining the capabilities of both approaches. HOLAP tools can utilize both pre-calculated cubes and relational data sources.
DATA WAREHOUSING
In computing, a data warehouse or enterprise data warehouse (DW, DWH, or EDW) is a database used for reporting and data analysis. It is a central repository of data which is created by integrating data from one or more disparate sources. Data warehouses store current as well as historical data and are used for creating trending reports for senior management reporting such as annual and quarterly comparisons.