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Frequently Asked Questions about Decision Support Systems by Dan Power

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50 results for "advanced analytics"

Question	Category	Date
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
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
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
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
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
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
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
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
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
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
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
What is advanced or next generation Decision Support? The "bleeding edge" of technology development and DSS is often a costly swamp. Yet it can be very profitable to gain a "first mover&quo...	Evaluating DSS Projects	Aug 07, 2005
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
Can chatbot technology improve decision support? by Daniel J. Power Editor, DSSResources.COM Chatting using text or computer-generated voice and natural language understanding with an intelligen...	DSS Foundations	Jun 30, 2019
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
What is a data warehouse appliance? by Dan Power Editor, DSSResources.com In general, a data warehouse (DW) appliance is an integrated hardware and software bundled application. A...	Data-driven DSS	Feb 19, 2012
What is the factory of the future? Daniel J. Power Ciara Heavin and Shashidhar Kaparthi The "Factory of the Future" (FoF) is a vision of automated production. In some descriptions,...	DSS Foundations	Apr 17, 2020
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
What is sabermetrics? by Daniel J. Power Editor, DSSResources.COM Sabermetrics is a specific use of analytics in decision making. It is "the application of statistical...	DSS Foundations	Feb 06, 2014
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
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
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
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
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
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
What are examples of data science jobs? by Daniel J. Power Editor, DSSResources.COM Data scientist is the "new", "hot", "sexy" and high paying job associated with decision support and...	DSS Foundations	Feb 22, 2014
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
What are some classic business DSS? by Dan Power Editor, DSSResources.com A DSS classic is an early and lasting example of using technology to support decision making. Decision supp...	DSS Foundations	Apr 09, 2011
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
What type of DSS is a Revenue Management application? On March 05, 2004, Tommy Wiratama posted the following at DSSResources.COM:Dear Dr. Power,I'm looking into existing revenue management technologies, e...	DSS Applications	Aug 25, 2005
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
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
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
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
What steps can lead to digital transformation? by Daniel J. Power Editor, DSSResources.com Digital transformation is an ongoing and evolving process of change that is focused on generating, an...	DSS Foundations	Jan 07, 2018
What is a data scientist? by Daniel J. Power Editor, DSSResources.COM A practitioner of the emerging discipline of data science is called a data scientist. Data science is...	DSS Foundations	Sep 26, 2014
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
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
What criteria should be used to evaluate BI/DW vendor solutions? by Dan Power Editor, DSSResources.com Selecting an enterprise business intelligence (BI)/data warehouse (DW) vendor solution is an important deci...	DSS Foundations	Dec 26, 2013
What type of DSS is it? by Dan Power Editor, DSSResources.com Managers and developers are recognizing that products and systems advertized as business intelligence, de...	DSS Theory	Mar 21, 2009
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
How has and will Moore's Law impact computerized decision support? by Daniel J. Power Editor, DSSResources.COM Predictive “natural” laws provide some comfort in a complex, volatile and uncertain world. The "l...	DSS Theory	Jun 08, 2014
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
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
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
How can DSS help implement Basel II? Unless you work for a financial institution, or a DSS vendor or an IS/T consulting firm this question may not be directly relevant to you, but this As...	DSS Applications	Aug 07, 2005
Is the traditional Sprague DSS still relevant? by Daniel J. Power Editor, DSSResources.COM In 1980, Ralph Sprague, a long-time Professor at the University of Hawaiʻi at Mānoa, wrote ...	DSS Foundations	Dec 13, 2017
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
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
What decision support is needed for scheduling tasks? by Dan Power Editor, DSSResources.com In many organizations, managing operations involves scheduling resources to perform tasks. Scheduling is t...	DSS Foundations	Jun 24, 2011

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