OLAP (Online Analytical Processing) is a technology that uses a multidimensional view of aggregated data to provide quicker access to strategic information and help with decision making. It has four main characteristics: using multidimensional data analysis techniques, providing advanced database support, offering easy-to-use end user interfaces, and supporting client/server architecture. A key aspect is representing data in a multidimensional structure that allows for consolidation and aggregation of data at different levels.