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.

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    “A man acquainted with history may, in some respect, be said to have lived from the beginning of the world, and to have been making continual additions to his stock of knowledge in every century.”
    —David Hume (1711–1776)

    “The history of all hitherto existing society is the history of class struggles.”
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    “Classes struggle, some classes triumph, others are eliminated. Such is history; such is the history of civilization for thousands of years.”
    —Mao Zedong (1893–1976)