What is Business Intelligence

Business intelligence (BI) is a broad category of software tools for gathering, storing, analyzing, and providing access to data to help enterprise users make better business decisions. BI applications include the activities of decision support systems, query and reporting, online analytical processing (OLAP), statistical analysis, forecasting, and data
mining.
 
Business intelligence applications can be:

Mission-critical and integral to an enterprise's operations or occasional to meet a special requirement
Enterprise-wide or local to one division, department, or project
Centrally initiated or driven by user demand

This term was used as early as September, 1996, when a Gartner Group report said:

".With Business Intelligence information and applications available broadly to employees, consultants, customers, suppliers, and the public. The key to thriving in a competitive marketplace is staying ahead of the competition. Making sound business decisions based on accurate and current information takes more than intuition. Data analysis, reporting, and query tools can help business users wade through a sea of data to synthesize valuable information from it - today these tools collectively fall into a category called "Business Intelligence."

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