Business Analytics - History

History

Analytics have been used in business since the time management exercises that were initiated by Frederick Winslow Taylor in the late 19th century. Henry Ford measured pacing of assembly line. But analytics began to command more attention in the late 1960s when computers were used in decision support systems. Since then, analytics have evolved with the development of enterprise resource planning (ERP) systems, data warehouses, and a wide variety of other hardware and software tools and applications.

Read more about this topic:  Business Analytics

Famous quotes containing the word history:

    History is more or less bunk. It’s tradition. We don’t want tradition. We want to live in the present and the only history that is worth a tinker’s damn is the history we make today.
    Henry Ford (1863–1947)

    Properly speaking, history is nothing but the crimes and misfortunes of the human race.
    Pierre Bayle (1647–1706)

    The history of all countries shows that the working class exclusively by its own effort is able to develop only trade-union consciousness.
    Vladimir Ilyich Lenin (1870–1924)