BI refers to application and technology, which is used to gather, provide access to, and analyze data and information about the company operations
BI is neither a product nor a system. It is an architecture and a collection of integrated operational as well as decision-support applications and databases that provide the business community easy access to business data.
BI Is 1 st coined by IBM researcher Hans Peter Luhn in 1958. He Defined intelligence as the Ability to apprehend the interrelationship of presented facts in such a way to guide action towards desired goal
BI users are beginning to demand [Real time BI] or near real time analysis relating to their business, particularly in front line operations. They will come to expect up to date and fresh information in the same fashion as they monitor stock quotes online.
Research shows that effective BI implementations depend on tight collaboration between the business unit and the IT department.
BI implementations are more successful when business units become knowledgeable about available technologies and capabilities, and then communicate their needs to IT.
Likewise, the IT organization should strive to understand the strategic objectives of business unit leaders and suggest ways in which BI could help them achieve their objectives