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Frequently Asked Questions about Decision Support Systems by Dan Power

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50 results for "competitive advantage"

Question	Category	Date
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
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
Can decision support provide a competitive advantage? by Dan Power Editor, DSSResources.COM Some software vendors claim their decision support, analytics or business intelligence applications will ...	DSS Theory	Oct 02, 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 can managers identify opportunities to create innovative DSS? by Dan Power Editor, DSSResources.com Once a manager believes it is possible to gain significant benefits or even a competitive advantage from ...	Evaluating DSS Projects	Dec 12, 2007
Are there decision support tools for Competitive Intelligence (CI) tasks? by Dan Power Editor, DSSResources.COM Managers in an organization compete with managers in other organizations to introduce new products, sell pr...	DSS Applications	Dec 29, 2015
What are 12 agile principles? The following 12 Principles are based on the Agile Manifesto. 1. Satisfy the Customer. Our highest priority is to satisfy the customer through earl...	DSS Foundations	Jan 19, 2020
What is decision support planning? by Dan Power Editor, DSSResources.com Decision support planning is an anticipatory decision-making process that involves critical thinking about ...	DSS Theory	Jun 23, 2009
What are the advantages and disadvantages of computerized decision support? by Daniel J. Power Editor, DSSResources.COM This question in various forms has been popular in the Ask Dan! email. For example, J. Maclearn aske...	DSS Theory	Mar 02, 2007
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 computerized decision support reduce information asymmetry? by Dan Power Editor, DSSResources.com In multiparty decision situations, one party often has better information than another. These situations c...	DSS Foundations	Apr 29, 2012
How can managers cope with digital disruption? by Daniel J. Power and Ciara Heavin Nineteen fifty one (1951) marks the beginning of the first wave of economic and social digital disruption and tr...	DSS Foundations	Jun 25, 2018
What evaluation tools are appropriate for DSS? by Daniel Power Editor, DSSResources.com Managers evaluate many types of projects, but those involving information technologies are often consid...	DSS Foundations	Dec 06, 2020
What are the agile values and principles? by Daniel J. Power and Ciara Heavin The Manifesto for Agile Software Development was published in 2001. Seventeen leaders in the field of software...	DSS Foundations	Apr 08, 2020
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 is a decision-centric organization? by Daniel J. Power Editor, DSSResources.COM Good decisions are important to organization success, but awareness of many important decisions i...	DSS Foundations	Sep 15, 2013
Does an “information culture” encourage adopting and using decision support technologies? by Daniel J. Power Editor, DSSResources.COM Supposedly, the phenomenon of an “information culture” influences why some organizations adopt in...	DSS Theory	Nov 12, 2017
Is it advantageous to outsource development and operation of Decision Support Systems? Sometimes! Currently, outsourcing and especially global outsourcing of information technology services is one of the most controversial business, econ...	Evaluating DSS Projects	Aug 07, 2005
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
What are common data mining mistakes? by Dan Power Editor, DSSResources.com Data mining is a broad term for identifying patterns in data, analyzing data and summarizing it into useful...	DSS Foundations	Dec 19, 2010
What are specific benefits of document-driven DSS? by Dan Power Editor, DSSResources.com Document-driven DSS is a relatively new category of computerized decision support. These systems assist in ...	DSS Foundations	Aug 02, 2010
What is the technology adoption curve? Is it relevant to DSS? by Daniel J. Power Editor, DSSResources.COM The technology adoption curve (TAC) is a theory about how individuals and organizations behave in impl...	DSS Theory	Dec 31, 2019
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 factors impact decision support project implementation risk? by Dan Power Editor, DSSResources.com Managers should contemplate a wide range of decision support projects. Perhaps an enterprise-wide, data wa...	Evaluating DSS Projects	Aug 15, 2008
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 is a flat data file? by Daniel J. Power Editor, DSSResources.com Data is stored in a number of formats. In the early years of computing, data was stored and retrieve...	DSS Foundations	Jul 10, 2017
What are the answers to the DSS case study questions at DSSResources.COM? Recently Zam Zawari wrote "I need your guidelines on how to answer the questions in the case 'MeritCare Health System uses Simulation'". At ...	DSS Applications	Aug 16, 2005
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
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
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
What is the relationship between DSS and BAM? by Dan Power Editor, DSSResources.com Business Activity Monitoring (BAM) is the "real-time" evolution or descendant of the Executive Information...	Building DSS	Jul 09, 2016
Who originated the term Business Intelligence (BI)? by Dan Power Editor, DSSResources.com Decision support and data warehousing sources agree that Howard Dresner coined and popularized the term Bu...	DSS Foundations	Jun 29, 2016
What is currently possible with Communications-Driven DSS? For more than a week in October 2001, I tried to use Communication and Information Technologies to coordinate my teaching activities and manage DSSRes...	Communications-driven DSS	Aug 06, 2005
What is the process for designing decision support software? by Dan Power Editor, DSSResources.COM Recently, I received an email from Michael Brito asking if I "could explain the process for designing deci...	Building DSS	Oct 22, 2006
Why is agile important? Daniel J. Power and Ciara Heavin Agile hype continues to grow and some see agile as a solution to every problem (cf., Ambroziewicz, 2017; Mandir, ...	DSS Foundations	Jun 22, 2020
How is BPM related to DSS? by Dan Power Editor, DSSResources.com Those of us in the field of IS/IT really seem to like our acronyms. Sometimes however different sets of ve...	DSS Foundations	Mar 21, 2009
What technologies are central to digital transformation of healthcare? by Ciara Heavin and Daniel J. Power A diverse array of technologies enable and support digital transformation of healthcare. Fitting technologi...	DSS Foundations	Mar 18, 2019
How should managers implement an Intelligent Automation strategy? Daniel J. Power Intelligent automation (IA) is changing business operations and it is necessary to implement such systems to stay competitive in ma...	DSS Foundations	Jul 31, 2020
How can data-based decision support facilitate digital transformation of Healthcare? by Daniel J. Power and Ciara Heavin Disentangling the Gordian Knot associated with Digital Transformation of Healthcare remains challenging and s...	DSS Foundations	Mar 18, 2019
What is/was IFPS? IFPS is an acronym for interactive financial planning system. My friend Paul Gray is an expert on financial planning systems and IFPS, and what I know...	Model-driven DSS	Aug 07, 2005
Did decision automation cause the subprime mortgage crisis? by Daniel J. Power Editor, DSSResources.COM Actions of greedy and naive people caused the crisis. People built and implemented the computerized d...	DSS Foundations	Sep 14, 2018
What are concerns about end-user DSS development? by Dan Power Editor, DSSResources.com End-user development of decision support systems (DSS) puts the responsibility for building and maintaining...	Building DSS	Jun 02, 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
What is the status of Knowledge Management (KM)? by Dan Power In 1997, Rebecca Barclay and Philip Murray at Knowledge Praxis posted an article titled "What is knowledge management?". The articl...	Document-driven DSS	Aug 01, 2006
Should managers build decision support applications? by Dan Power Editor, DSSResources.com Managers get paid to manage, but in some situations managers can build computerized decision support capabi...	DSS Foundations	Feb 02, 2013
Can DSS improve strategic planning? by Dan Power Editor, DSSResources.com Decision support (DSS) can improve strategic planning and strategic control. Many organizations have not ...	DSS Foundations	Mar 05, 2016
How useful is DSS case study research? by Daniel J. Power Editor, DSSResources.COM Decision Support Systems (DSS) encompass a broad array of software artifacts intended to support deci...	DSS Foundations	Oct 03, 2015
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
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 criteria should be used for evaluating DSS software packages? by Daniel J. Power Editor, DSSResources.COM Evaluating software packages is an important task. Some people might be quick to list criteria like e...	Evaluating DSS Projects	Feb 06, 2016

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