Let's say we are given a set of positive reals, and we're told that these are the edges of a convex cyclic $n$-gon, and we must compute it's area.
For $n = 3$ there is the famous Heron's formula:
$$A = {1\over 4}\sqrt{4a^2b^2 - (a^2 + b^2 - c^2)^2}$$
For $n = 4$ there is Brahmagupta's formula:
$$A = {1\over 4}\sqrt{(a^2 + b^2 + c^2 + d^2)^2 + 8abcd - 2(a^4 + b^4 + c^4 + d^4)}$$
Is there a generalization for arbitrary $n$? Does it even exist?
This paper (Cyclic Polygons with Rational Sides and Area by Buchholz and Macdougall) mentiones explicit formulae for $n\leqslant 6$, and it seems it would be difficult (or at least nobody seems to have done it up to now) to explicitly construct a formula for arbitrary $n$.
But note that you can divide any cyclic $n$-gon into cyclic triangles, and apply Herons formula on these, but this requires you to calculate the chords which form the new sides of the triangles.
You might also be intersted in this: Calculate the area of an irregular cyclic convex polygon
And this: Areas of Polygons Inscribed in a Circle by David P. Robbins