On analyzing the history of the computing industry, BI was initialized at Lyons Electronic Office during the early 1950s. Interestingly, in those days, the system was built using thousands of vacuum tubes. It is termed as meeting business needs through actionable information.
The following is a graph depicting the business value of BI against the time factor:
The preceding graph indicates a major shift in the BI space. It started with the simple reporting of text-based content. With time, BI integrated the financial and operational perspective in their output. Then, it covered the system metric at the company level to add business value. Now, BI generates the predictive analysis-based report with real-time data of the business.
