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Encyclopedia of Database Systems pp 363–368Cite as

Business Intelligence

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Definition

Business intelligence (often referred to as BI) is a business management term that indicates the capability of adding more intelligence to the way business is done by companies. More precisely, it refers to a set of tools and techniques that enable a company to transform its business data into timely and accurate information for the decisional process, to be made available to the right persons in the most suitable form. Business intelligence systems are used by decision makers to get a comprehensive knowledge of the business and of the factors that affect it, as well as to define and support their business strategies. The goal is to enable data-based decisions aimed at gaining competitive advantage, improving operative performance, responding more quickly to changes, increasing profitability and, in general, creating added value for the company.

Historical Background

Business intelligence was coined as a term in 1958 by Hans P. Luhn, to indicate a system capable of...

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Recommended Reading

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Author information

Authors and Affiliations

  1. DISI, University of Bologna, Bologna, Italy

    Stefano Rizzi

Authors
  1. Stefano Rizzi
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Corresponding author

Correspondence to Stefano Rizzi .

Editor information

Editors and Affiliations

  1. Georgia Institute of Technology College of Computing, Atlanta, GA, USA

    Ling Liu

  2. University of Waterloo School of Computer Science, Waterloo, ON, Canada

    M. Tamer Özsu

Section Editor information

  1. Department of Computer Science, Aalborg University, Aalborg, Denmark

    Torben Bach Pedersen

  2. DISI, Univ. of Bologna, Bologna, Italy

    Stefano Rizzi

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Rizzi, S. (2018). Business Intelligence. In: Liu, L., Özsu, M.T. (eds) Encyclopedia of Database Systems. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-8265-9_881

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