Business intelligence :
History of Business intelligence :-
The earliest known use of the term Business Intelligence is in Richard Millar Devens' Cyclopædia of Commercial and Business Anecdotes (1865). Devens used the term to describe how the banker Sir Henry Furnese gained profit by receiving and acting upon information about his environment, prior to his competitors:
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Business intelligenceThe ability to collect and react accordingly based on the information retrieved, Devens says, is central to business intelligence.When Hans Peter Luhn, a researcher at IBM, used the term business intelligence in an article published in 1958, he employed the Webster's Dictionary definition of intelligence: "the ability to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal." Business intelligence as it is understood today is said to have evolved from the decision support systems (DSS) that began in the 1960s and developed throughout the mid-1980s. DSS originated in the computer-aided models created to assist with decision making and planning. |
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In 1989, Howard Dresner (later a Gartner analyst) proposed business intelligence as an umbrella term to describe "concepts and methods to improve business decision making by using fact-based support systems." It was not until the late 1990s that this usage was widespread.
Critics see BI merely as an evolution of business reporting together with the advent of increasingly powerful and easy-to-use data analysis tools. In this respect it has also been criticized as a marketing buzzword in the context of the "big data" surge.
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