Frequently Asked Questions about Decision Support Systems by Dan Power
30 results for "DSS forecast"
| Question | Category | Date |
|---|---|---|
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What is predictive analytics?
by Dan Power Editor, DSSResources.COM Predictive analytics involves systematic analysis of data using quantitative and statistical models to pr... |
DSS Foundations | Jul 16, 2018 |
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Why are quantitative models useful for decision support?
by Dan Power Editor, DSSResources.com Managers need to understand the value that a quantitative model creates for decision making. By identifyin... |
DSS Foundations | Jan 28, 2013 |
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How do decision questions differ?
by Daniel J. Power Editor, DSSResources.com A choice or decision often results from answering a question like "What should be done?" Understandi... |
DSS Theory | Aug 21, 2020 |
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Can DSS improve state government tax revenue projections?
In the United States, state governments forecast tax revenues, prepare spending budgets based on the forecast, and then track and monitor tax receipts... |
DSS Applications | Aug 07, 2005 |
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What is predictive asset management?
by Daniel J. Power Editor, DSSResources.COM Cognizant, Deloitte, IBM, SAS and other vendors and consulting firms are promoting use of predictive ... |
DSS Foundations | Jun 27, 2018 |
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What is value-driven delivery of projects and work?
Daniel J. Power Editor, DSSResources.com Project managers, team leads, and other managers are encouraged to make project decisions that result in ... |
DSS Foundations | Sep 17, 2019 |
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How important are pivot tables in data-driven decision support?
by Dan Power Editor, DSSResources.com Some analysis tools are used more and are used more effectively than others. For example, pivot tables hav... |
DSS Foundations | Jun 25, 2011 |
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What are current trends in BI and Data Analytics?
by Ciara Heavin and Daniel J. Power For the foreseeable future, Business Intelligence and data analytics technologies will continue as key enable... |
DSS Foundations | Feb 18, 2017 |
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What is data mining and how is it related to DSS?
by Daniel Power Editor, DSSResources.com Data mining is a data analysis innovation first discussed in the 1990s. "Big data" and analytics has led... |
Knowledge-driven DSS | Nov 30, 2015 |
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Is decision automation a hot topic? Does using a DSS require statistical expertise?
YES and NO. Decision automation refers to using technologies including computer processing to make decisions and implement programmed decision process... |
DSS Foundations | Aug 16, 2005 |
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What is the best data analytics approach?
by Ciara Heavin and Daniel J. Power Selecting the most appropriate data analytics approach and tools for a specific task or project can be very c... |
DSS Foundations | Sep 18, 2017 |
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Where can I find or download a DSS demo?
Requests for information about DSS demonstration software is a frequent email question. The answer changes however depending upon what vendors are cur... |
DSS Applications | Aug 07, 2005 |
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What is analytics?
by Dan Power Editor, DSSResources.COM Analytics refers to quantitative and statistical analysis of data. Analytic capabilities are important in... |
DSS Foundations | Oct 07, 2020 |
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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 |
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Are Executive Information Systems (EIS) needed?
by Dan Power Editor, DSSResources.com At least 30 years ago, Chief Executive Officers (CEOs) began going online for information (cf., Rockhart, ... |
Data-driven DSS | Sep 17, 2008 |
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What is business intelligence?
by Dan Power Editor, DSSResources.com Business intelligence (BI) is often viewed as a term similar to military or competitive intelligence. And h... |
DSS Foundations | Aug 06, 2005 |
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What companies have gained a competitive advantage by building a DSS?
by Daniel J. Power Editor, DSSResources.COM Software vendor salespeople and their sales materials often claim that a specific software product lik... |
Building DSS | Jul 25, 2015 |
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What are ethical issues associated with building and using DSS?
by Daniel J. Power Editor, DSSResources.com Decision support builders and users face ethical challenges and issues. Some people think that bui... |
Evaluating DSS Projects | May 10, 2019 |
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What are examples of database project failures?
by Daniel J. Power Editor, DSSResources.COM Database centered projects for decision support and transaction processing do fail. How often? Acco... |
DSS Foundations | Aug 18, 2013 |
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How does data mining provide knowledge?
by Daniel J. Power Editor, DSSResources.com In the 1970s, companies employed business analysts who used statistical packages like SAS and SPSS to... |
DSS Foundations | Jan 17, 2021 |
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What is a modern decision support system?
by Daniel J. Power Editor, DSSResources.com "Modern" refers to recent times and recent innovations. Modern decision support is evolving rapidly ... |
DSS Foundations | Mar 19, 2017 |
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What is adaptive planning?
by Daniel J. Power Editor, DSSResources.COM Adaptive planning is a process and theory for coping with change and complexity. Adaptive planning ide... |
DSS Foundations | Feb 15, 2020 |
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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 |
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When should managers use communications-driven decision support tools?
by Dan Power Editor, DSSResources.com Communications-driven decision support systems can remedy a number of problems associated with group commun... |
Communications-driven DSS | Sep 15, 2009 |
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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 |
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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 |
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What was the first computerized decision support system (DSS)?
by Daniel J. Power Editor, DSSResources.COM There is not a simple, indisputable answer to this question. Some would argue Scott-Morton's Managem... |
DSS Foundations | Mar 02, 2007 |
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Does the term big data have utility for managers?
by Daniel J. Power Editor, DSSResources.COM Big data is a colorful phrase for a significant change in data capture, retrieval and storage. Each... |
Data-driven DSS | Apr 10, 2014 |
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What are major ideas and concepts in agile?
by Daniel J. Power The scrum approach originated as an agile software development framework because practitioners wanted a better process to improv... |
DSS Foundations | Dec 06, 2019 |
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Can 'Big Brother' watch us?
by Dan Power Editor, DSSResources.com "Big Brother" is a familiar metaphor that conjures up visions of political surveillance, political control... |
DSS Foundations | May 30, 2016 |
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