Frequently Asked Questions about Decision Support Systems by Dan Power
50 results for "IoT and analytics"
| 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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What is conversational analytics?
by Daniel J. Power Editor, DSSResources.COM Kasera, V., R. Tandon, & A.Yeung, "Conversational Analytics for a Voice-driven World," ThoughtSpot W... |
DSS Foundations | Jul 10, 2019 |
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What is visual analytics?
by Daniel J. Power Editor, DSSResources.COM Visual analytics combines automated analysis techniques with interactive visualisations to support de... |
DSS Foundations | Jun 12, 2013 |
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What are critical success factors for using advanced analytics?
by Daniel J. Power Editor, DSSResources.COM Presence of critical success factors (CSF) influence the performance of a task, project or organizati... |
DSS Foundations | Dec 21, 2013 |
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How does edge computing impact decision support?
by Daniel J. Power Editor, DSSResources.COM Edge computing means more data for predictive analytics and model-driven decision support can be proc... |
DSS Foundations | Feb 10, 2019 |
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What is self-service business intelligence?
by Daniel J. Power Editor, DSSResources.COM Managers and staff need access to data and decision support tools. Also, they need direct access to d... |
DSS Foundations | Jun 15, 2018 |
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Is decision making authority shifting in organizations?
by Daniel J. Power Editor, DSSResources.COM Management is about delegating and making decisions. As organizations have gotten larger, more comple... |
DSS Foundations | Feb 06, 2014 |
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What is DevOps and is it important to decision support?
by Daniel J. Power Editor, DSSResources.COM DevOps is a made-up term for a software/systems development method, practice or technique that combi... |
DSS Foundations | Nov 14, 2015 |
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What is big data analytics?
by Daniel J. Power Editor, DSSResources.COM Big data analytics combines buzz words and is a buzz phrase. The basic idea of this new business jarg... |
DSS Foundations | Jul 15, 2018 |
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What steps create a data-driven organization?
by Daniel J. Power Editor, DSSResources.com Transforming a traditional organization into one where data is systematically incorporated into decis... |
DSS Foundations | Jul 26, 2017 |
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How do data analytics support data-based decision-making?
by Ciara Heavin and Daniel J. Power Analysis of data or data analytics is an integral component of a successful organizational digital transforma... |
DSS Foundations | Nov 27, 2017 |
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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 are pros and cons of self-service data analytics tools?
by Daniel J. Power Editor, DSSResources.com Many managers and employees want more direct access to proprietary organization data. Vendors promote... |
DSS Foundations | Oct 09, 2017 |
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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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How is data management linked to analytics and decision support?
by Daniel Power Editor, DSSResources.com Data management or data resource management refers to activities and tasks associated with capturing, or... |
DSS Foundations | Aug 30, 2016 |
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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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What if decision support is incorrect?
by Dan Power Editor, DSSResources.COM Analytics and decision support are intended to improve decision making. Both types of systems commonly prov... |
DSS Foundations | Apr 14, 2015 |
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What is a data lake?
by Daniel J. Power Editor, DSSResources.COM Data lake is a metaphor for a data storage structure. In the physical world, a lake is a basin filled... |
DSS Foundations | Aug 10, 2018 |
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How do predictive analytics support decision making?
by Dan Power Editor, DSSResources.com Predictive analytics is a general term for using simple and complex models to support anticipatory decisio... |
Building DSS | Jul 30, 2012 |
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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 universities offer masters degrees in analytics and data science?
by Daniel J. Power Editor, DSSResources.COM Faculty entrepreneurs continue to respond to new business needs and trends in decision support tech... |
DSS Foundations | May 31, 2018 |
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What is the impact of decision support on cognitive biases, decision style and risk attitudes?
by Daniel J. Power, Editor of DSSResources.com Cognitive bias, decision styles and risk attitudes impact the use and effectiveness of decision su... |
DSS Foundations | Mar 13, 2019 |
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What is the future of decision support and analytics?
by Daniel J. Power Editor, DSSResources.COM Decision support and business analytics can provide managers the numbers and metrics for both day-to-... |
DSS Foundations | Nov 26, 2019 |
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What is data visualization?
by Dan Power Editor, DSSResources.com According to a SAS White paper "one of the best ways to discern important relationships is through advanced... |
DSS Foundations | Feb 19, 2016 |
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What are key questions to ask business intelligence solution providers?
by Daniel J. Power Editor, DSSResources.COM Companies have differing business intelligence (BI) and reporting needs. Some companies are upgrading... |
DSS Foundations | Mar 07, 2015 |
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What is mobile business analytics and intelligence?
by Daniel J. Power and Ciara Heavin Decision support "on-the-go" is expanding in terms of capabilities. Off premise BI, Mobile BI or Mobile Intell... |
DSS Foundations | Jan 21, 2017 |
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How does business analytics differ from data analytics?
by Daniel J. Power Editor, DSSResources.COM Both business analytics and data analytics are relatively new terms in the business lexicon. Students... |
DSS Foundations | Jun 24, 2018 |
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What is an enterprise-class translytical database?
by Daniel J. Power and Ciara Heavin Translytical is a portmanteau word, in that parts of the words transaction and analytical are combined to form... |
DSS Foundations | Oct 02, 2017 |
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How can decision support create competitive advantage?
by Daniel J. Power Editor, DSSResources.COM Managers want to create capabilities that provide a competitive advantage. Decision support, analyti... |
DSS Theory | Mar 02, 2013 |
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How is analytics, BI and decision support shaping global society?
by Daniel J. Power Editor, DSSResources.COM Computer-based analysis and decision support began impacting global society in the early 1950s. By 19... |
DSS Foundations | Sep 01, 2013 |
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What is digital organizational management?
Daniel J. Power and Ciara Heavin Organizational management is a process of structuring, planning and directing resources and people to achieve goa... |
DSS Foundations | Aug 29, 2020 |
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What is analytical processing?
by Dan Power Editor, DSSResources.com Transforming data and summarizing it is a key task in many decision making situations. Once this task is co... |
DSS Foundations | Feb 12, 2010 |
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Is an insight-driven organization myth or reality?
Daniel J. Power Editor, DSSResources.com An insight-driven organization seems more like marketing hype, building on a catchy name, than reality. O... |
DSS Foundations | Aug 18, 2019 |
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Who manages decision support capabilities in an organization?
by Daniel J. Power Editor, DSSResources.COM The Director of Decision Support or the Chief Information Officer (CIO) or the IT manager or the Data ... |
DSS Foundations | Jul 16, 2018 |
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Who uses computerized decision support and analytics?
by Daniel J. Power Editor, DSSResources.COM and Ciara Heavin Managing Editor, Journal of Decision Systems Traditionally, many researchers a... |
DSS Foundations | Jan 08, 2017 |
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What is a data-driven decision making organization?
by Dan Power Editor, DSSResources.COM A data-driven decision making organization encourages and rewards use of facts and data by employees. Us... |
DSS Foundations | Jan 17, 2016 |
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What is surveillance analytics?
Ciara Heavin and Daniel J. Power Monitoring and tracking of what is occurring is not a new phenomenon. People and various activities have been obs... |
DSS Foundations | Dec 05, 2020 |
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How can analytics and decision support reduce insurance fraud?
by Daniel J. Power Editor, DSSResources.COM Preventing and detecting insurance fraud is a critical task at insurance companies. There is some evi... |
DSS Foundations | Mar 02, 2014 |
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What is DSS 2.0?
by Daniel J. Power Editor, DSSResources.COM Discontinuities and major technology change can result in improving and significantly altering the sc... |
DSS Foundations | Jul 19, 2014 |
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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 |
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How can data scientists cope with organization politics?
by Daniel Power Editor, DSSResources.COM Business analytics, data analytics and decision support often create political concerns for organization... |
DSS Foundations | Jul 21, 2019 |
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What are the best analytics and 'big data' videos online?
by Daniel J. Power Editor, DSSResources.COM There are many video on the Web and especially on YouTube relevant to "big data" and analytics. The ... |
DSS Foundations | Mar 08, 2014 |
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What are challenges for predictive analytics?
Daniel J. Power Editor, DSSResources.COM Prediction is a difficult task and a challenge in many situations. The assumption of current prediction t... |
DSS Foundations | Apr 07, 2019 |
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Can decision support developers reduce the probability of solving the ‘wrong’ problem?
by Daniel J. Power Editor, DSSResources.COM Data analytics and decision support systems are intended to help people, especially managers, make be... |
DSS Foundations | Jun 25, 2017 |
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Will thinking machines make better decisions than people?
by Dan Power Editor, DSSResources.com Fifty years of computing technology improvement has led to faster computation, faster transmission of data ... |
DSS Foundations | Jul 30, 2012 |
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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 |
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What increases success for data-based decision support?
by Daniel J. Power Editor, DSSResources.com Data-based decision support development is a company-wide effort and requires many resources, includi... |
DSS Foundations | Jul 09, 2017 |
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What are the steps to develop data-based decision support?
by Ciara Heavin and Daniel J. Power Encouraging and developing data-based decision support is an organization-wide effort and requires many resou... |
DSS Foundations | Mar 18, 2018 |
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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 |
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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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