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Frequently Asked Questions about Decision Support Systems by Dan Power

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34 results for "Accounting"

Question	Category	Date
How is digital transformation changing accounting? by Daniel J. Power Editor, DSSResources.COM People no longer perform most traditional accounting tasks. Today accounting is much more than record...	DSS Foundations	Nov 21, 2020
How might AI, Blockchain and Decision Support impact Accounting and Auditing? by Daniel J. Power Editor, DSSResources.COM Historically, bookkeepers, accountants, and auditors have maintained financial records and created de...	DSS Foundations	Oct 14, 2018
What are the features of a model-driven DSS? by Dan Power Editor, DSSResources.com This is the final column about features of computerized decision support systems. The focus is on mod...	Model-driven DSS	Aug 09, 2008
What is localization of decision support and analytics? by Daniel J. Power Editor, DSSResources.COM As companies expand into the global marketplace decision support and analytics must often be localized...	DSS Foundations	Mar 28, 2015
What is Alter's DSS taxonomy? by Daniel J. Power Editor, DSSResources.com In the mid-1970s, the first wave of computerized decision support systems (DSS) became practical. St...	DSS Foundations	Jun 18, 2018
What was the DSS News in October 2000? by Daniel Power Volume 1, issue number 12 of DSS News was published October 9, 2000. Then as now DSS News was a bi-weekly publication of DSSResourc...	DSS Foundations	Oct 11, 2020
What is a Management Information System? by Daniel J. Power Editor, DSSResources.COM Broadly defined, a Management Information System (MIS) refers to any computer-based system or applica...	DSS Foundations	Aug 05, 2017
What are benefits and risks of outsourcing enterprise-wide DSS? by Dan Power Editor, DSSResources.com Some companies outsource major Information Technology (IT) activities like Internet and Intranet operatio...	Building DSS	Apr 16, 2008
What is a DSS cost benefit analysis? by Dan Power Editor, DSSResources.com Decision support system cost benefit analysis is one technique used to determine if a proposed DSS should b...	DSS Foundations	Jul 18, 2010
Do small businesses need DSS? by Dan Power Editor, DSSResources.com Today decision-making is more difficult for all managers including those in small businesses. On the positi...	DSS Foundations	Jan 10, 2010
Is tax preparation software an example of a DSS? "Is X a DSS?" is a common question in the Ask Dan! email. Let's try to figure out the answer to this question together.First, what is the pu...	DSS Applications	Aug 07, 2005
What are the characteristics of decisions? by Daniel J. Power Editor, DSSResources.COM and Ciara Heavin Managing Editor, Journal of Decision Systems Managers make many decisions and ...	DSS Foundations	Oct 30, 2016
What are various categories and classifications for decision support? by Daniel J. Power Editor, DSSResources.com Computerized decision support systems emerged in the 1960s with model-driven DSS. Decision Support Sys...	DSS Foundations	Mar 17, 2020
What is a spreadsheet-based DSS? by Dan Power Editor, DSSResources.com Most managers are familiar with spreadsheet packages like Microsoft Excel. If a decision support system (D...	Model-driven DSS	Jan 30, 2017
What evaluation criteria are used for decision support projects? by Dan Power Editor, DSSResources.com One can categorize computerized decision support project evaluation concerns into 4 general criteria are...	DSS Foundations	Nov 28, 2007
What are the advantages and disadvantages of using Second Life for decision support? by Dan Power Editor, DSSResources.com Multi-user visual simulations are at the leading and bleeding edge for computerized decision support. The maj...	Model-driven DSS	Aug 19, 2007
What are philosophical foundations of DSS practice? by Dan Power Editor, DSSResources.com Decision support systems as a practical discipline has multiple "philosophical foundations". DSS practice h...	DSS Foundations	Apr 27, 2010
Can DSS/IS/IT improve the Incident Command System? What needs can DSS meet? YES. Readers may recall my initial discussion of computerized decision support in crisis/emergency situations (DSS News, 08/31/2003). That Ask Dan! ...	Crisis Management	Aug 16, 2005
What are sources of data for building a data-driven DSS? by Dan Power Editor, DSSResources.com Managers and IT staff who are thinking about opportunities for building innovative, data-driven decision su...	DSS Foundations	Jun 20, 2014
What are major managerial dilemmas of digital transformation? by Daniel J. Power Editor, DSSResources.com Managers face some difficult choices among potentially disruptive or in other ways undesirable soluti...	DSS Foundations	May 29, 2017
What is an appropriate DSS deployment strategy? by Dan Power Editor, DSSResources.com Decision support system (DSS) development often follows a sequence of awareness, plan, analysis, design, b...	Building DSS	Oct 14, 2008
What is big data? by Daniel J. Power Editor, DSSResources.COM Big data is an overused and somewhat confusing phrase. Big data is characterized by high volume, low...	DSS Foundations	Jul 02, 2018
What is an information system? by Daniel J. Power Editor, DSSResources.com Modern information systems combine computing hardware, software, networking and storage infrastructu...	DSS Foundations	Jan 11, 2020
What is the history of computerized decision support? by Dan Power Editor, DSSResources.com Supposedly, if we study history we are less likely to make the same mistakes again. Decision support was on...	DSS Foundations	Jun 10, 2009
What is active enterprise financial planning? Active enterprise financial planning is a collaborative, participative, real-time, web-based approach for budgeting, performance management and financ...	DSS Applications	Aug 07, 2005
What theories are especially relevant to decision support? by Daniel J. Power Editor, DSSResources.COM Decision support is an applied field of study like accounting, engineering, and medicine. Design scie...	DSS Foundations	Dec 16, 2018
How do individual differences impact use of decision support? by Daniel J. Power Editor, DSSResources.COM People differ in abilities, capabilities, attitudes, beliefs, biases and knowledge, among many possib...	DSS Foundations	Nov 30, 2018
What is a cost estimation DSS? by Dan Power Editor, DSSResources.com In many industries, bids are submitted in response to requests for proposals (RFPs). Preparing a bid for a ...	DSS Applications	May 13, 2017
What should managers know about business intelligence and data-driven decision support? by Dan Power Editor, DSSResources.COM Most managers want to make fact-based decisions. Many large organizations have implemented database syste...	DSS Foundations	Aug 13, 2012
What will the DSS headline be in FORTUNE Magazine in 2010? By Dan Power Editor, DSSResources.com Readers may recall my promise in the September 25, 2005 trip report from Teradata Partners to discuss this...	DSS Foundations	Oct 22, 2006
What is data-driven decision making? by Daniel J. Power Editor, DSSResources.COM A recent Capgemini (2012) study found that 9 out of 10 business leaders “believe data is now the fou...	DSS Foundations	Nov 27, 2014
Are computerized decision aids decision support systems? by Daniel J. Power Editor, DSSResources.COM Some are, some aren't. The phrase computerized decision aid refers to a diverse set of computer-based...	DSS Theory	May 14, 2016
What is business analytics? by Daniel J. Power, Ciara Heavin, James McDermott, and Mary Daly Business analytics (BA) is an abstraction and generalization of many activities ...	DSS Foundations	Mar 16, 2019
What are example uses of business analytics? by Daniel J. Power Editor, DSSResources.COM There are many applications and uses of business analytics. Quantitative and analytical models and to...	DSS Foundations	Nov 24, 2018

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