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Article
Searching for Herbert Simon: Extending the Reach and Impact of Business Intelligence Research Through Analytics
International Journal of Business Intelligence Research
  • Michael F. Gorman, University of Dayton
  • Donald E. Wynn, University of Dayton
  • William David Salisbury, University of Dayton
Document Type
Article
Publication Date
1-1-2013
Abstract

Since Herbert Simon’s seminal work (Simon, 1957) on bounded rationality researchers and practitioners have sought the “holy grail” of computer-supported decision-making. A recent wave of interest in “business analytics” (BA) has elevated interest in data-driven analytical decision making to the forefront. While reporting and prediction via business intelligence (BI) systems has been an important component to business decision making for some time, BA broadens its scope and potential impact in business decision making further by moving the focus to prescription.

The authors see BA as the end-to-end process integrating the production through consumption of the data, and making more extensive use of the data through heavily automated, integrated and advanced predictive and prescriptive tools in ways that better support, or replace, the human decision maker. With the advent of “big data”, BA already extends beyond internal databases to external and unstructured data that is publicly produced and consumed data with new analytical techniques to better enable business decision makers in a connected world. BI research in the future will be broader in scope, and the challenge is to make effective use of a wide range of data with varying degrees of structure, and from sources both internal and external to the organization. In this paper, we suggest ways that this broader focus of BA will also affect future BI research streams.

Inclusive pages
1-12
ISBN/ISSN
1947-3591
Comments

Permission documentation is on file.

Publisher
IGI Global
Peer Reviewed
Yes
Citation Information
Michael F. Gorman, Donald E. Wynn and William David Salisbury. "Searching for Herbert Simon: Extending the Reach and Impact of Business Intelligence Research Through Analytics" International Journal of Business Intelligence Research Vol. 4 Iss. 1 (2013)
Available at: http://works.bepress.com/william_salisbury/8/