Location-Based Intelligence: A New Dimension of Business Intelligence in Financial Strategic Management

The third millennium has opened a new horizon for organizations and their sustainability has become largely dependent on their intelligence. As we know, intelligence as a general concept has various components and thus has received different titles due to the type of application for which it is used. We deal in this research with location-based intelligence, which results from integration of geolocation and business intelligence. This integration leads to a new dimension of business intelligence called location-based intelligence (LBI). LBI is defined as the arrival of the location-related integrated information in business. In general, companies can turn the location data into the application programs of business intelligence to be useful for every aspect of the organizations. The expectations of this new dimension of intelligence are great and this dimension has a brilliant future.