The Enterprise Resource Planning (ERP) revolution dates back at least to the 1960s, when manufacturers first used integrated software systems to manage raw material inventories and to reconcile balances between inventory and finished goods.
Through the 1970s and 1980s, software developers added accounting and human resources function into ERP systems. Those systems exploded in the 21st Century as developers incorporated sales force automation, marketing, and ecommerce functions into ERP systems. This gave managers a global perspective of their organizations and business intelligence that improved strategic planning and enabled better projections for business growth and development.
Cloud-based systems have become the next wave in the ERP revolution. Yes, those systems are leading the transformation of business intelligence from being confined to traditional physical brick-and-mortar business operations into the virtual presences that are the hallmark of modern connected businesses.