We would like to dedicate this section of our blog to an IBM researcher Mr. Hans Peter  Luhn , who in the year 1958 in an article had mentioned the term “ Business Intelligence”. It definitely gave an idea as to how one can convert the germination of a Business idea into Business application.

Basically “Business Intelligence” is the ability to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal.”.

Business Intelligence (BI) also refers to computer-based techniques used in spotting, digging-out, and analyzing business data, such as sales revenue by products or departments or associated costs and incomes. ^[1]

Going through the current trends and predictions the future of  Business Intelligence seems to be very bright.

A 2009 Gartner paper predicted these developments in the business intelligence market .^[7]

• Because of lack of information, processes, and tools, through 2012, more than 35 percent of the top 5,000 global companies will regularly fail to make insightful decisions about significant changes in their business and markets.
• By 2012, business units will control at least 40 percent of the total budget for business intelligence.
• By 2010, 20 per cent of organizations will have an industry-specific analytic application delivered via software as a service as a standard component of their business intelligence portfolio.
• In 2009, collaborative decision making will emerge as a new product category that combines social software with business intelligence platform capabilities.
• By 2012, one-third of analytic applications applied to business processes will be delivered through coarse-grained application mashups.

Keep looking for our Blog to read more about BI and the techniques that businesses today follow.