BUSINESS INTELLIGENCE SYSTEMS YESTERDAY, TODAY AND TOMORROW – AN OVERVIEW

Business intelligence (BI) represents the ability to understand and adapt to new business conditions, and to solve business problems. The BI system, based on the data collected from various business and public sources, aims to detect and determine the legalities that would simplify the decision-making process. BI combines operational data with analytical tools in order to present complex and important information to decision makers, business managers and planners. The main goal of BI is to improve the timeliness and quality of inputs in the decision process. BI is used to understand the possibilities available in business firms like market trends, future decisions and directions in the markets worldwide, different technologies, the regulatory environment in which the business firm competes and the activities taken by many competitors. BI pervades the entire business organization, improves operations and raises the level of business intelligence in all of its aspects. The paper presents an overview of BI, an analysis of its early development as well as its state today, and some predictions for the future. These are also the main contributions of the paper.