Searching for Herbert Simon: Extending the Reach and Impact of Business Intelligence Research Through Analytics

Michael F. Gorman, Donald E. Wynn and William David Salisbury
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Michael F. Gorman: Department of Management Information Systems, Operations Management, and Decision Sciences, School of Business Administration, University of Dayton, Dayton, OH, USA
Donald E. Wynn: Department of Management Information Systems, Operations Management, and Decision Sciences, School of Business Administration, University of Dayton, Dayton, OH, USA
William David Salisbury: Department of Management Information Systems, Operations Management, and Decision Sciences, School of Business Administration, University of Dayton, Dayton, OH, USA

International Journal of Business Intelligence Research (IJBIR), 2013, vol. 4, issue 1, 1-12

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.

Date: 2013
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