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Frequently Asked Questions about Decision Support Systems by Dan Power

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50 results for "interactive financial planning system"

Question	Category	Date
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
What is a good replacement for models built using IFPS? On December 5, 2000, Hubert Deneault, Hydro-Quebec, wrote "First, I want to thank you for offering a service like DSSResources.com. It is very he...	Model-driven DSS	Aug 07, 2005
What is Planners Lab? by Dan Power Editor, DSSResources.COM Planners Lab is an innovative software product, a modern version of IFPS, a new tool for teaching student...	Model-driven DSS	Oct 22, 2006
What are the foundation decision support articles in MIS Quarterly? by Daniel J. Power Editor, DSSResources.COM MIS as a field of study stretches back almost 50 years (cf. Power, 2007), but the initiation of a new...	DSS Foundations	Dec 21, 2013
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 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 is active enterprise financial planning? Active enterprise financial planning is a collaborative, participative, real-time, web-based approach for budgeting, performance management and financ...	DSS Applications	Aug 07, 2005
Is tax preparation software an example of a DSS? "Is X a DSS?" is a common question in the Ask Dan! email. Let's try to figure out the answer to this question together.First, what is the pu...	DSS Applications	Aug 07, 2005
What are various categories and classifications for decision support? by Daniel J. Power Editor, DSSResources.com Computerized decision support systems emerged in the 1960s with model-driven DSS. Decision Support Sys...	DSS Foundations	Mar 17, 2020
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
How is digital transformation changing accounting? by Daniel J. Power Editor, DSSResources.COM People no longer perform most traditional accounting tasks. Today accounting is much more than record...	DSS Foundations	Nov 21, 2020
What is Tableau? by Daniel J. Power Editor, DSSResources.COM Tableau Software (http://www.tableausoftware.com/) develops and markets software applications for fas...	DSS Foundations	Dec 10, 2013
What vendors have communications-driven DSS for collaboration? by Dan Power Editor, DSSResources.com With the growth of cloud computing more sophisticated communications-driven DSS have been developed to ass...	DSS Foundations	Dec 17, 2011
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 decisions are appropriate for model-driven DSS? by Dan Power Editor, DSSResources.com Some decision problems occur across diverse businesses. Various approaches can be used to solve them depen...	Model-driven DSS	Dec 29, 2008
What software can help implement the Basel accords? by Dan Power Editor, DSSResources.com Identifying and evaluating software for a very broad purpose like supporting the Basel capital accords (htt...	DSS Foundations	Sep 03, 2011
What are characteristics of a decision support system? by Dan Power Editor, DSSResources.com How do you know a computerized system is a decision support system (DSS)? This question is important becaus...	DSS Theory	Oct 05, 2005
What is reporting software? by Dan Power Editor, DSSResources.com Reports organize data to create information that can be shared with others. For example, a quarterly financi...	DSS Foundations	Jan 09, 2016
What is the role of people in machine learning? by Daniel J. Power Editor, DSSResources.com Many tools exist for modeling data using machine learning (ML). The tools have been automated and the...	DSS Foundations	Jan 13, 2021
What was the DSS News in October 2000? by Daniel Power Volume 1, issue number 12 of DSS News was published October 9, 2000. Then as now DSS News was a bi-weekly publication of DSSResourc...	DSS Foundations	Oct 11, 2020
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
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
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
What kind of DSS does Mr. X need? by Daniel J. Power Editor, DSSResources.com There are many "kinds" of decision support for diverse decision making situations. Both IS/DSS softw...	Building DSS	Aug 03, 2014
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 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 is a Planning Support System? by Dan Power Editor, DSSResources.com Reading the trade press, academic articles and web sites forces those of us interested in computerized supp...	DSS Foundations	Aug 06, 2005
What is the job of a decision support analyst? by Dan Power Editor, DSSResources.com Job titles often summarize job duties and sometimes the title conveys prestige or reflects the responsibli...	DSS Foundations	Jul 30, 2012
How does a DSS differ from an MIS? by Dan Power Editor, DSSResources.com Some Decision Support Systems (DSS) are Management Information Systems (MIS), but DSS serve purposes other ...	DSS Foundations	Sep 28, 2009
Can DSS/IS/IT improve the Incident Command System? What needs can DSS meet? YES. Readers may recall my initial discussion of computerized decision support in crisis/emergency situations (DSS News, 08/31/2003). That Ask Dan! ...	Crisis Management	Aug 16, 2005
What are the achievements, trends and challenges for Decision Support Systems? In late October 2001, Manuel Mora, an Associate Professor in the Department of Information Systems, Universidad Autonoma de Aguascalientes (www.uaa.mx...	Evaluating DSS Projects	Aug 07, 2005
Where can I find information about KPIs for building DSS in different industries? The topic of identifying KPIs or Key Performance Indicators is a major issue in developing Executive Information Systems, Balanced Scorecard Systems a...	Data-driven DSS	Aug 06, 2005
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
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
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
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 is the evolution of decision support and analytics architectures? by Daniel J. Power Editor, DSSResources.COM During the past 70 years as new computing technologies have been developed, the computing architectur...	DSS Foundations	Dec 05, 2018
What can DSS designers learn from video games? Today, decision support systems use mature user interface technologies. Dashboards are not "new"; the smiley faces and sliders for user input are fa...	Building DSS	Feb 05, 2006
What is PlanningDSS.COM? Recently, DSSResources.COM registered a new domain name, PlanningDSS.COM. The name summarizes the purpose of the web site -- it is a planning decisi...	Planning DSS	Sep 13, 2005
What are key guidelines for decision support user interface design? by Daniel J. Power Editor, DSSResources.COM An effective user interface is an important component of any type of information system, but it is ...	DSS Foundations	Dec 22, 2013
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
Can decision support tools help minimize black swan events? by Daniel J. Power Editor, DSSResources.COM In decision making and planning, managers are sometimes surprised by unanticipated events. A black sw...	DSS Foundations	Aug 11, 2019
What are characteristics of the computerized decision support domain? Daniel J. Power Decision support and decision support systems are varied. Seven characteristics can help described both appropriate decision suppor...	DSS Foundations	Mar 09, 2020
What skills do team leaders need for conducting effective virtual decision-making meetings? by Dan Power Editor, DSSResources.COM In general, team leaders need planning, organizing, staffing, directing and controlling skills (cf., Huber,...	Communications-driven DSS	Aug 02, 2006
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 is the Amazon working backwards approach? Daniel J. Power Editor, DSSResources.com Jeff Bezos, Amazon CEO, has had great success since the Amazon e-tailing website launched on July 16, 199...	DSS Foundations	Aug 16, 2020
Is security important for decision support applications? by Daniel J. Power Editor, DSSResources.COM Decision support applications often contain sensitive data that should be secured. Also, a common sou...	DSS Foundations	Apr 14, 2013
What are the features of a model-driven DSS? by Dan Power Editor, DSSResources.com This is the final column about features of computerized decision support systems. The focus is on mod...	Model-driven DSS	Aug 09, 2008
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 is the impact of information management on the organization? by Daniel J. Power Editor, DSSResources.COM Thirty years ago, at the start of my career, I addressed this question (cf., Power, 1983). My MIS Qua...	DSS Foundations	Nov 24, 2013

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