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I propose a new definition of business intelligence … Wikipedia provides a simple layperson description of intelligence as “the capacities to reason, plan, solve problems, think abstractly, comprehend and learn.” Wikipedia also defines business as “the social science of managing people to organize and maintain collective productivity toward accomplishing … goals.” Combining these thoughts, I submit the following as the next-generation definition:
Business intelligence is the ability of an organization or business to reason, plan, predict, solve problems, think abstractly, comprehend, innovate and learn in ways that increase organizational knowledge, inform decision processes, enable effective actions, and help to establish and achieve business goals.
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– BeyeNETWORK: Business Analytics – Getting the Point
The Smarter Planet tumblelog is an outgrowth of IBM’s strategic initiative to help a world of smart systems emerge.
