The problem of uncovering insights from data that comes from multiple source systems has been around since software applications existed. Even with the advancement of ERP systems, the need is still there. As an example, businesses need to compare actual year-to-date financial results against budget and the remaining year forecast requires information from the ERP system, budget planning system and sales forecast system.
These types of reporting requirements were normally done through a data warehouse, custom or third-party application. This is time consuming and the data is moving so fast that reports become obsolete for any form of decision making. Doing Business Analytics in the cloud provides a self-service discovery-based approach that helps you to get to the insights quickly and accurately.