Evolution of Business Intelligence Tools

Decision making systems – doing for business what smartphones do for individuals

Everybody has seen the impact smartphones have on our lives   Here is a great article from Eckerson Research Group in the US discussing  the similarities in the evolution of the smart phone, from humble beginnings and  limited capability of the Palm Pilot, to the seemingly endless capabilities of today’s smart phones. Business Intelligence Tools started the same way with limited capability, nice pretty pictures and detail about what has already happened.  Now they are evolving into decision making platforms that can help plan, forecast, predict and integrate data from Finance, Operations (including IOT) and lot’s of external Information sources.

Success = Systems + Technology

Today’s successful companies have a common theme …. their success has come through ’embracing systems and technology’ and the key word there is ‘systems’. For many years now companies have implemented ‘systems’ for finance and accounting, HR, Payroll, Supply Chain, CRM etc. However, when it comes to Reporting, Forecasting, Budgeting, Planning, arguably the most important aspect of a business, they are reliant on a plethora of spreadsheets and ad-hoc reporting tools with no regulated, controlled or integrated single source of the truth in terms of the data.

Check out BOARD to see how some of the World’s largest organisations like H&M, Toyota and KPMG are using BOARD to provide all the data and information they need to support their Decision Making Process.