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6 Key Areas of Business Intelligence in the New Era

Image by Qimono from Pixabay (CC0)
Stephanie Shen

Back in 1958, Han Peter Luhn, a researcher at IBM, initiated the concept of Business Intelligence (BI), using the definition from Webster’s Dictionary: to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal. Given its definition, Business Intelligence is indeed a vision. It should not be represented by the tools or technologies designed at some given time. In other words, it should be viewed as a company’s strategic vision for transforming data assets into business insights to make data-driven decisions.

Historically, there were two eras that revolutionized and popularized the concept of Business Intelligence. The first was in the 1980s when relational database was invented and became the mainstream tool for data collection and data storage. Database, along with SQL, enabled businesses to access information more quickly to make business decisions based on current facts

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