Hans Peter Luhn coins 'Business Intelligence'

IBM researcher Hans Peter Luhn published 'A Business Intelligence System,' where he defined intelligence as 'the ability to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal.' This was the first formal use of the term in a computing context.

Significance

Established the conceptual foundation for using information systems to derive insights for business decisions, decades before the technology fully caught up.