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Free Business Intelligence Practice Tests - BI Basics
It is a collection of technologies and applications which combined together for gathering, analyzing and storing data (or information) which can be fruitful for an organization, and helps the organization employees to make better, smart and profitable business decisions. Business Intelligence is an act of deep study which can be applied to any organization for benefits of organization when carefully used
Evolution
The term “Business Intelligence” was used as early as in 1958 in an article by Hans Peter Luhn, an IBM Researcher. He defined intelligence as: “the ability to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal.”
The term “Business Intelligence” evolved during early 1960s from the Decision Support System and is fully functional by mid of 1980s. The decision support system was used for planning and making decision in computer aided industry. In late 1980s, the business intelligence along with Decision Support System, OLAP, data warehouse and some other technique came into the focus.
In 1989, Howard Dresner said that “Business Intelligence is concept and method based on fact support system, analyzed properly to improve business making decisions.”
In September 1996, Gartner Group report said “By 2000, the forward thinking organization will have information democracy, with the Business Intelligence the information will be available to employee, customer, and consultant and will be available in public. The key to survive in a competitive marketplace is to stay ahead of the competition. Making smart business decision based on current and accurate information is more important rather than following intuition. Data analysis, data query tools and data reporting tools provide business users a pool of valuable and synthesized information. Today these tools collectively come into category of Business Intelligence.”
