This is what a real computer looked like back in the earlies!
The term Business Intelligence was first used by Hans Peter Luhn, a pioneer of computer science. Luhn was born in 1896 and had been working for IBM since 1947. In 1958, he wrote an article entitled A Business Intelligence System which described methods for gaining and disseminating knowledge for and about business processes through information technology.
As a reminder, the largest computer at the time, UNIVAC I, consisted of 5,200 tubes and weighed 14 tons!
Luhns essay attracted a lot of attention because it opened up a new dimension in the computer world. Instead of merely solving admittedly very complex arithmetical problems, computers were henceforth to help people and especially managers to make more intelligent decisions by providing relevant information and defining so-called „action points“. These could be individuals, groups or an entire organization.
In 1989, Howard Dresner, an analyst with the Gartner Group, made Business Intelligence – BI for short – a key term in corporate management. Like other catchwords that emerged around this time, such as data warehousing, knowledge management and enterprise content management, BI is taught at universities and revered like a holy grail in executive offices. It is the basis for almost all processes, for the use of resources, for operative decisions and for monitoring.
In the beginning, BI was a backward-looking activity: it was about using historical data to describe the state of the company (descriptive analysis). Only later, with the advent of data mining, could BI be used to peer into the future. So-called predictive analysis allow the comparison of current and historical data in order to identify opportunities and risks for the company. Weiterlesen