The term “business intelligence” is used by Richard Millar Devens in his Encyclopaedia of Commercial and Business Anecdotes, describing how the banker Henry Furnese achieved an advantage over competitors by collecting and analyzing information relevant to his business activities in a structured manner
This is thought to be the first study of a business putting data analysis to use for commercial purposes.
the ability to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal.”
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