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Frequently Asked Questions about Decision Support Systems by Dan Power

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25 results for "consumer decision support"

Question	Category	Date
Do consumers need decision support capabilities? by Dan Power Editor, DSSResources.com Purchase decisions have become increasingly complex with the advent of Internet shopping. Making decisions...	DSS Foundations	Feb 27, 2013
How does the Internet of Things change decision support? by Daniel J. Power Editor, DSSResources.COM Speculation about the Internet of Things (IoT) is increasing and new devices linked to the Internet ar...	DSS Foundations	Dec 10, 2014
What user characteristics are important when designing decision support applications? by Daniel J. Power Editor, DSSResources.COM Answering the question "Who will use a decision support application?" is critical in interface and ap...	DSS Foundations	Jun 08, 2013
Is the technology acceptance model relevant to decision support? by Daniel Power Editor, DSSResources.com Substantial resources are expended building and installing decision support systems. Some guidance about...	DSS Foundations	Jul 31, 2016
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 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
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 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
What is the impact of social media on decision making? by Dan Power Editor, DSSResources.com Information technology is changing how we communicate, obtain and process information for personal and work...	DSS Foundations	May 10, 2011
What is the "true story" about using data mining to identify a relationship between sales of beer and diapers? by Dan Power Editor, DSSResources.com For many years we have told the story of using data mining to find a relationship between sales of "beer an...	Knowledge-driven DSS	Mar 26, 2011
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 is opportunistic decision making? by Daniel J. Power Editor, DSSResources.COM An opportunity is a potential action that if implemented is likely to help attain a desired goal. Som...	DSS Foundations	Apr 23, 2018
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 are examples of bad strategic business decisions? by Daniel J. Power Editor, DSSResources.COM Bad strategic business decisions lead to bad results. The consequences of implementing the decision ma...	DSS Foundations	Jun 22, 2015
Who uses computerized decision support? by Dan Power Editor, DSSResources.com Many people use computerized decision support for work and in recent years to aid in personal decision maki...	Building DSS	Sep 02, 2012
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
How smart is IBM Watson? by Daniel J. Power Editor, DSSResources.COM IBM is heavily promoting a cognitive system named Watson in television ads. A major selling point is t...	Knowledge-driven DSS	Dec 16, 2015
What are examples of decision support systems in global enterprises? Dan Power Editor, DSSResources.COM This Ask Dan! continues the discussion of decision support in global enterprises (see DSS News of January 29,...	DSS Applications	Oct 22, 2006
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
How should digital ethics impact analytics and data mining? by Ciara Heavin and Daniel J. Power Ethics should guide analytics, data mining, decision support, and decision making. Big data and new analytica...	DSS Foundations	Mar 23, 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
How can analytics and decision support improve cybersecurity? by Daniel J. Power Editor, DSSResources.COM Protecting digital data and information is crucial to organizational survival. Failing to anticipate ...	DSS Foundations	Jun 26, 2018
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 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
What is a decision system? Daniel J. Power, Ciara Heavin, and Peter Keenan A decision system is a collection of information-processing components that interact to make deci...	DSS Foundations	Sep 02, 2018

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