History of Business Intelligence
Business intelligence (BI) has its roots in the early days of computing, when companies first began to collect and store large amounts of data. However, the concept of BI as we know it today did not fully emerge until the 1960s and 1970s.
In the 1960s, IBM introduced the concept of "Management Information Systems" (MIS), which was designed to provide managers with access to data that could help them make better decisions. At the time, most companies used punch cards and mainframe computers to collect and store data, but this data was difficult to access and analyze. IBM's MIS system aimed to change that by providing managers with a way to access and analyze data in a more user-friendly format.
In the 1970s, the rise of the personal computer (PC) revolutionized the way companies collected, stored, and analyzed data. The PC made it possible for companies to collect and store data on a much larger scale, and new software programs were developed to help managers access and analyze this data. This was the beginning of the BI industry as we know it today.
One of the first companies to capitalize on this new technology was a small startup called Cognos. Founded in 1969, Cognos developed software that could be used to create reports and analyze data on a PC. This software was an instant success, and Cognos quickly became a leader in the BI industry.
As the BI industry continued to grow, other companies also began to develop software and tools to help businesses access and analyze their data. In the 1990s, companies like Business Objects and MicroStrategy introduced new tools that made it possible for businesses to create interactive dashboards and visualizations. This made it easier for managers to see patterns and trends in their data, which helped them make better decisions.
Today, the BI industry is a multi-billion dollar industry, with companies like SAP, Oracle, and IBM offering a wide range of tools and solutions to help businesses access and analyze their data. With the rise of big data and the Internet of Things (IoT), the BI industry is expected to continue to grow in the coming years, as more and more companies look to use data to gain a competitive edge.
In conclusion, the origins of business intelligence can be traced back to the early days of computing, when companies first began to collect and store large amounts of data. However, it was not until the 1960s and 1970s that the concept of BI as we know it today emerged. With the development of new technologies and software, the BI industry has grown to become a multi-billion dollar industry, and it is expected to continue to grow in the coming years.
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