Business Intelligence To Increase Bottom Line
From Processor Article -
In a 1958 IBM business journal, German computer scientist Hans Peter Luhn coined the term “business intelligence,” aka BI, to define “the ability to apprehend the inter-relationships of presented facts in such a way as to guide action towards a desired goal.” In an era of nonautomated data collection, detailed analysis on which sound business decisions could be made was limited by human factors. Little could Luhn realize that within 50 years, global organizations would be able to analyze terabytes of disparate information in a fraction of time using powerful and complex BI systems.
“Used correctly, business intelligence can bring significant business benefits to companies in terms of reduced costs, improved business efficiency, increased revenues, and better customer satisfaction,” says Colin White, a 35-year IT veteran and founder of BI Research (www.bi-research.com).
The article also lists Top BI Trends for 2008.
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