Informative Stats: The Growth and Value of Business Intelligence
The first known usage of the term “business intelligence” was by Richard Millar Devens in 1865. It was not until 1989 when Gartner analyst Howard Dresner again brought the phrase “business intelligence” into common terminology. As business intelligence became a commonly known phrase in the late 1990’s and early 2000’s, an abundance of new vendors joined the market. At that time, there were only basic functions of business intelligence - producing data and reports, organizing it, and visualizing it in a presentable way. Yet, there were two significant issues holding back the developing technology phase: time and complexity.