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Frequently Asked Questions about Decision Support Systems by Dan Power

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50 results for "analytical processing"

Question	Category	Date
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
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
Can decision makers improve their intuition? by Daniel J. Power Editor, DSSResources.COM Possibly. First, one must recognize when intuition is dominating the facts or supporting them in a de...	DSS Foundations	Apr 22, 2018
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
Is Amazon Web Services a 'good fit' for decision support and OLTP? by Daniel J. Power Editor, DSSResources.COM Amazon Web Services (AWS) hosts many popular Web applications including: Instagram, Vine, IFTTT, Netf...	DSS Foundations	Aug 25, 2013
What are Analytical Information Systems? by Dan Power Editor, DSSResources.com Analytical Information Systems provide information, analysis and possibly recommendations. Henry Morri...	DSS Foundations	Dec 29, 2015
How has data warehouse usage evolved? by Daniel J. Power Editor, DSSResources.COM It seems managers have accepted the idea of creating a separate data warehouse. Analytical and decisi...	DSS Foundations	Apr 30, 2014
What is a client/server architecture for DSS? by Dan Power Editor, DSSResources.com Most decision support systems (DSS) are built within the context of a corporate-wide client/server architec...	DSS Foundations	Jun 03, 2010
How does decision support processing differ from transaction processing? by Dan Power Editor, DSSResources.com Information systems can be categorized in many ways, but historically business information systems began a...	Building DSS	Jan 04, 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 decision support help political leaders make decisions? by Daniel J. Power Editor, DSSResources.COM For many years, I have been systematically reading books by and about Herbert Clark Hoover and Henry ...	DSS Foundations	Jan 25, 2014
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
How important is forecasting decision support? by Daniel J. Power Editor, DSSResources.COM Decision support and analytical systems that use data sets with models and statistical analyses remain...	DSS Foundations	Jul 12, 2015
What do I need to know about Data Warehousing/OLAP? by Daniel J. Power Editor, DSSResources.COM A data warehouse is a central, integrated repository for historical, enterprise data from multiple bus...	Data-driven DSS	Oct 12, 2014
What is a data warehouse? by Dan Power Editor, DSSResources.com A data warehouse is a database designed to support decision making in organizations. It stores historical o...	DSS Foundations	Nov 28, 2010
What is the theory of relational databases? by Dan Power Editor, DSSResources.com Relational databases organize data elements in clusters that are meaningful to users and useful for perform...	DSS Foundations	Apr 11, 2010
What is machine learning? by Daniel J. Power Editor, DSSResources.COM "A computing machine learns to make and improve its predictions by performing calculations from data a...	DSS Foundations	Apr 01, 2017
What are the features of a data-driven DSS? by Daniel J. Power Editor, DSSResources.COM Data-driven DSS are the most common of the five types of decision support systems in the expanded DSS...	Data-driven DSS	Mar 02, 2007
What is the Analytical Hierarchy Process (AHP)? Better known as "AHP", pronouncing each letter ("A" -- "H" -- "P"), this decision structuring tool is well-kno...	Model-driven DSS	Aug 07, 2005
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
Is parallel database technology needed for data-driven DSS? by Dan Power Editor, DSSResources.COM Few managers have heard of parallel computer processing and parallel databases. Nonetheless the desire of ...	Data-driven DSS	Mar 02, 2007
What should managers know about predictive analytics and model-driven decision support? by Dan Power Editor, DSSResources.COM Companies are implementing predictive analytics and quantitative models to assist managers. There remain ...	DSS Foundations	Aug 19, 2012
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
How does a data architecture impact decision support capabilities? by Daniel J. Power Editor, DSSResources.COM A data architecture is important, but sometimes the task of creating a formal architecture document se...	DSS Foundations	Mar 31, 2015
What are the origins of SIG DSS? by Dan Power Editor, DSSResources.com SIG DSS is the Special Interest Group about Decision Support and Analytical Information Systems affiliated ...	AIS SIG DSS	Feb 13, 2014
Is a Data Warehouse a DSS? What is a star schema? No, a data warehouse is not a Decision Support System. A data warehouse is however usually the "driver" and dominant component for a Data-dr...	Data-driven DSS	Aug 06, 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
How do DSS differ from TPS? by Daniel J. Power Editor, DSSResources.COM excerpted from Power, D. (2002, pp. 8-9) Development of Decision Support Systems (DSS) is one of the...	DSS Foundations	Nov 07, 2020
What is the output of a decision support system? by Dan Power Editor, DSSResources.com Traditionally, one would answer the output of a DSS is "relevant information". Correct, but DSS designers ...	Building DSS	Feb 06, 2008
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
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 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
How do experience and self-discipline impact agility? Daniel J. Power Editor, DSSResources.com Mental agility can be acquired, learned and practiced. People can become more analytical and can think an...	DSS Foundations	Sep 05, 2019
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
How complex is managing? Daniel J. Power Editor, DSSResources.com Management roles are increasingly specialized, management tasks are often complex, and projects have expa...	DSS Foundations	Aug 28, 2019
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
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
What are key skills of data-based decision makers? by Ciara Heavin and Daniel J. Power Decision making habits are often learned by trial and error. Decision making skills should be learned through...	DSS Foundations	Mar 18, 2018
What is currently possible with communications-driven decision support? by Dan Power Editor, DSSResources.com Technology has improved for supporting groups and teams since 2001. In a status report (Power,2001), the co...	DSS Foundations	Sep 28, 2013
What happened at DSSResources.COM in 2001? "It's NOT easy to make money with your computer at home!" I got this message in an email shortly after receiving a question about "how ...	DSSResources.com	Sep 13, 2005
What is the difference between a DSS and a DSS generator? This Ask Dan! expands upon the question "What is a DSS?" from September 12, 2004. John Wen had asked on the Free DSS Forum at DSSResources.C...	Building DSS	Aug 06, 2005
What is machine learning? by Daniel J. Power Editor, DSSResources.COM Machine learning is a major category of Artificial Intelligence application and research. There are m...	DSS Foundations	Sep 06, 2019
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 are benefits of using decision support? by Daniel J. Power Editor, DSSResources.COM Organizational benefits of using computerized decision support include: Help Team Members Function ...	DSS Foundations	Dec 02, 2016
What factors influence corporate acquisition decision-making success? Daniel J. Power Editor, DSSResources.COM In 2017 in the United States, there were a record number of merger and acquisition transactions with 15,1...	DSS Foundations	May 01, 2019
What are common data mining tools? by Dan Power Editor, DSSResources.com As it became possible and affordable to store large amounts of data, managers wanted to access and analyze ...	DSS Foundations	Dec 06, 2009
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 a DSS? by Dan Power Editor, DSSResources.com "What is a DSS?" is a fundamental question that many have addressed over the years. It seems appropriate to...	DSS Foundations	Mar 20, 2009
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 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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