OLAP (Online Analytic Processing) is a technology used for complex queries that analyze large amounts of data, primarily in data warehouses, to uncover patterns and trends, contrasting with OLTP (Online Transaction Processing) which handles simple, fast queries. OLAP supports multifaceted analysis through structures like relational star schemas (ROLAP) and data cubes (MOLAP), providing insights for decision-making. Its architecture allows for flexible, interactive access to data, accommodating complex analysis without heavily impacting transactional systems.