There is no unique definition of the term and concept of Business Intelligence (BI) adopted both in the academic community and commercial business circles. However, there are various short and broad definitions that emphasize some specific aspects of this complex concept. In general, the concept of Business Intelligence refers to in-depth analysis of company data for better decision-making. However, more specifically, the concept may be explained as follows: BI is an umbrella term combining architectures, tools, databases, analytical tools, applications, and methodologies for gathering, storing, analyzing, and providing access to data for improving business performance and helping enterprise users make better business and strategic decisions (Turban et al. 2007).
From a historical point of view, the term business intelligence appeared in the late 1950s, but many years later its usage has been widened to cover the sense it is associated with nowadays. The history of BI concept...
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References and Further Reading
Inmon WH (2005) Building the data warehouse, 4th edn. Wiley, New York
Turban E, Arinson JE, Liang T, Sharda R (2006) Decision support and business intelligence systems, 8th edn. Pearson Prentice Hall, Upper Saddle River, NJ
Turban E, Ledner D, McLean E, Wetherbe J (2007) Information technology for management: transforming organizations in the digital economy, 6th edn. Wiley, New York
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Soldic-Aleksic, J., Stankic, R. (2011). Business Intelligence. In: Lovric, M. (eds) International Encyclopedia of Statistical Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-04898-2_6
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DOI: https://doi.org/10.1007/978-3-642-04898-2_6
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